Friday, November 13, 2015

Himax Technologies, Inc. (NASDAQ:HIMX)


Himax Technologies, Inc. (NASDAQ:HIMX) looks to have bottomed technically. The stock is beginning to make a move higher and looks like it is gonna squeeze some shorts here. The MACD has just flashed a buy signal recently and RSI is also gaining strength. With a combination of good earnings, an Outperform rating from Baird and a high volume, I think we could see a nice bounce over the next few days.

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