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Look for Shares of Amkor Tech Inc to Potentially Pullback after Yesterday's 3.44% Rise

By Amy Schwartz

Amkor Tech Inc (NASDAQ:AMKR) traded in a range yesterday that spanned from a low of $12.96 to a high of $13.48. Yesterday, the shares gained 3.4%, which took the trading range above the 3-day high of $13.41 on volume of 539,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Amkor Tech Inc share prices have moved between a 52-week high of $15.25 and a 52-week low of $5.74 and are now trading 134% above that low price at $13.45 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.9% while the 50-day MA has advanced 2.4%.

SmarTrend is tracking the current trend status for Amkor Tech Inc and will alert subscribers who have AMKR in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders amkor tech inc

Ticker(s): AMKR