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34.8% Return Seen to Date on SmarTrend Applied Optoelec Call (AAOI)

By David Diaz

SmarTrend identified a Downtrend for Applied Optoelec (NASDAQ:AAOI) on September 6th, 2018 at $33.29. In approximately 2 months, Applied Optoelec has returned 34.78% as of today's recent price of $21.71.

In the past 52 weeks, shares of Applied Optoelec have traded between a low of $17.95 and a high of $50.30 and are now at $21.71, which is 21% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 6.3% while the 200-day MA has slid 0.9%.

Applied Optoelectronics Inc. manufactures advanced optical semiconductor devices. The Company designs and produces diode lasers, photodiodes, transceivers, photodetectors, analog lasers, and optical subsystems. Applied Optoelectronics caters to the fiber optic communication, telecommunication, satellite broadcast, and wireless sectors.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Applied Optoelec.

Log in and add Applied Optoelec (AAOI) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights applied optoelec

Ticker(s): AAOI