Himax Technologies Upward Momentum Looks to Continue (HIMX)
SmarTrend identified an Uptrend for Himax Technologies (NASDAQ: HIMX) on December 02, 2009 at $2.80. In approximately 4 months, Himax Technologies has returned 8.9% as of today's recent price of $3.05.
Himax Technologies is currently above its 50-day moving average of $2.99 and should find resistance at its 200-day moving average of $3.14. Look for these moving averages to climb to confirm the company's upward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Himax Technologies shares.
Write to Chip Brian at cbrian@tradethetrend.com
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