Advanced Semiconductor (NYSE:ASX) is one of today's worst performing low-priced stocks, down 2.1% to $4.13 on 0.4x average daily volume. Approximately 482,000 shares have traded hands today vs. 30-day average volume of 1.2 million shares.
High volume often signals a change in trends. Shares of Advanced Semiconductor are currently trading below their 50-day moving average (MA) of $4.69 and below their 200-day MA of $5.49.
SmarTrend scans for speculative low-price stocks under $5 for reversals in trends. A large price movement may signal continuation or reversal of a trend.
Advanced Semiconductor is in SmarTrend's Semiconductor Equipment & Materials industry and this industry is currently in an Uptrend. An industry trend that matches the stock's trend helps to add conviction to the stock's Downtrend and price prediction.
SmarTrend currently has shares of Advanced Semiconductor in a Downtrend and issued the Downtrend alert on June 24, 2011 at $5.51. The stock has fallen 23.4% since the Downtrend alert was issued.