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Fabrinet Has Returned 21.3% Since SmarTrend Recommendation (FN)

By David Diaz

SmarTrend identified an Uptrend for Fabrinet (NYSE:FN) on October 28th, 2019 at $55.03. In approximately 3 months, Fabrinet has returned 21.29% as of today's recent price of $66.74.

In the past 52 weeks, Fabrinet share prices have been bracketed by a low of $42.33 and a high of $67.00 and are now at $66.74, 58% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.1% while the 200-day MA has risen 0.4%.

Fabrinet offers outsourced process engineering and manufacturing services. The Company contracts to manufacture optical communications, automotive, industrial and imaging components, sub-assemblies, and modules for its original equipment manufacturer customers.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Fabrinet shares.

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

Keywords: spotlights fabrinet

Ticker(s): FN