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

Print Share

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%.


Financial News Network Online (FNNO) is a leading provider of digital financial news content for distribution on the web. You can count on FNNO to bring you the latest market news, earnings reports, analyst comments, economic data reports and more. Visit http://www.fnno.com today.

Copyright, Comtex News Network, Inc. 2013

Free Stock Analysis From Zacks

Includes Zacks Long-Term Recommendation and Target Price

Zacks Research is Reported On:

Zacks Investment Research

is an A+ Rated BBB

Accredited Business.