Upgrade Alert for Himax Technologies (HIMX)
Himax Technologies (NASDAQ:HIMX) was upgraded from Neutral to Buy at Nomura today. The stock closed yesterday at $8.02 on volume of 7.0 million shares, above average daily volume of 2.7 million.
Himax Technologies, Inc. designs and manufactures integrated circuits. The Company produces liquid crystal displays (LCD).
In the past 52 weeks, shares of Himax Technologies have traded between a low of $5.65 and a high of $12.00 and closed yesterday at $8.02, which is 42% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 1.0%.
Himax Technologies (NASDAQ:HIMX) is currently priced 3.5% above its average consensus analyst price target of $7.74. The stock should run into initial resistance at its 200-day moving average (MA) of $8.11 and subsequent resistance at its 50-day MA of $10.43.
SmarTrend is monitoring the recent change of momentum in Himax Technologies. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Himax Technologies in search of a potential trend change.
Keywords: analyst upgrades/downgrades himax technologies