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Applied Optoelec Has Returned 33.2% Since SmarTrend Recommendation (AAOI)

By Amy Schwartz

SmarTrend identified an Uptrend for Applied Optoelec (NASDAQ:AAOI) on December 27th, 2019 at $11.72. In approximately 3 weeks, Applied Optoelec has returned 33.16% as of today's recent price of $15.60.

In the past 52 weeks, Applied Optoelec share prices have been bracketed by a low of $8.34 and a high of $18.04 and are now at $15.60, 87% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.6% while the 200-day MA has risen 0.3%.

Applied Optoelectronics, Inc. manufactures and supplies fiber-optic networking products. The Company offers diode lasers, photodiodes, subassemblies, and related modules and equipment. Applied Optoelectronics serves customers in the United States, Taiwan, and China.

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

Log in and add Applied Optoelec (AAOI) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights applied optoelec

Ticker(s): AAOI