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Uptrend Call Working As Fabrinet Stock Rises 47.3% (FN)

By James Quinn

SmarTrend identified an Uptrend for Fabrinet (NYSE:FN) on May 4th, 2018 at $31.88. In approximately 5 months, Fabrinet has returned 47.33% as of today's recent price of $46.97.

Fabrinet share prices have moved between a 52-week high of $48.97 and a 52-week low of $24.02 and are now trading 96% above that low price at $46.97 per share. Over the past week, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 0.9%.

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