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Applied Optoelec Shares Up 49.4% Since SmarTrend's Buy Recommendation (AAOI)

By Nick Russo

SmarTrend identified an Uptrend for Applied Optoelec (NASDAQ:AAOI) on April 12th, 2018 at $29.62. In approximately 2 months, Applied Optoelec has returned 49.38% as of today's recent price of $44.24.

In the past 52 weeks, shares of Applied Optoelec have traded between a low of $22.54 and a high of $103.41 and are now at $44.24, which is 96% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 3.4% while the 200-day MA has slid 0.7%.

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 shifts in the trajectory of Applied Optoelec shares.

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