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Taiwan Semiconductor Manufacturing Up 26.0% Since SmarTrend Uptrend Call (TSM)

By David Diaz

SmarTrend identified an Uptrend for Taiwan Semiconductor Manufacturing (NYSE:TSM) on May 23rd, 2016 at $24.49. In approximately 5 months, Taiwan Semiconductor Manufacturing has returned 26.04% as of today's recent price of $30.86.

Taiwan Semiconductor Manufacturing share prices have moved between a 52-week high of $31.48 and a 52-week low of $17.32 and are now trading 78% above that low price at $30.86 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

Taiwan Semiconductor Manufacturing Company Ltd. manufactures integrated circuits based on its proprietary designs. The Company offers a comprehensive set of integrated circuit fabrication processes to manufacture CMOS logic, mixed-mode, volatile and non-volatile memory and BiCMOS chips. Taiwan Semiconductor is an affiliate of Philips Electronics N.V.

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

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

Keywords: spotlights taiwan semiconductor manufacturing

Ticker(s): TSM