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Shares of MFLX Up 28.5% Since Uptrend Call on Shares

By James Quinn

SmarTrend identified an Uptrend for Multi-Fineline Electronix (NASDAQ:MFLX) on February 2nd, 2016 at $17.97. In approximately 9 months, Multi-Fineline Electronix has returned 28.49% as of today's recent price of $23.09.

In the past 52 weeks, shares of Multi-Fineline Electronix have traded between a low of $0.98 and a high of $29.70 and are now at $23.09, which is 2,258% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.5%.

Multi-Fineline Electronix, Inc. provides flexible printed circuit and component assembly solutions to the electronics industry. The Company's services include design and application engineering, prototyping and high-volume manufacturing, and turnkey component assembly and testing.

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

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

Keywords: spotlights multi-fineline electronix

Ticker(s): MFLX