Volume Spike Detected in Shares of Himax Technologies as They Move Higher on 1.3x Above-Average Volume (HIMX)

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Dec 19, 2013 (Unusual volume via COMTEX) -- Himax Technologies shares are trading on heavy volume today, having risen 4.9% to $12.65. Today's volume of 9.0 million shares tops the average 30-day volume of 7.1 million shares. Spikes in volume can validate a breakout or signify a potential turning point.

Himax Technologies (NASDAQ:HIMX) is currently priced 9.9% above its average consensus analyst price target of $11.40. The stock should find initial support at its 50-day moving average (MA) of $10.10 and further support at its 200-day MA of $7.43.

Himax Technologies, Inc. designs and manufactures integrated circuits. The Company produces liquid crystal displays (LCD).

Himax Technologies share prices have moved between a 52-week high of $12.85 and a 52-week low of $0.97 and are now trading 1,204% above that low price at $12.65 per share. Over the last five market days, the 200-day moving average (MA) has gone up 1.7% while the 50-day MA has advanced 0.9%.

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