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Amkor Tech Inc Set to Possibly Pullback After Yesterday's Rally of 5.39%

By James Quinn

Amkor Tech Inc (NASDAQ:AMKR) traded in a range yesterday that spanned from a low of $12.25 to a high of $12.52. Yesterday, the shares gained 5.4%, which took the trading range above the 3-day high of $12.11 on volume of 621,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Amkor Tech Inc share prices have moved between a 52-week high of $15.25 and a 52-week low of $5.74 and are now trading 116% above that low price at $12.42 per share. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 1.4%.

SmarTrend is tracking the current trend status for Amkor Tech Inc and will alert subscribers who have AMKR in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders amkor tech inc

Ticker(s): AMKR