InvenSense (INVN) : Traders are bullish on InvenSense (INVN) as it has outperformed the S&P 500 by a wide margin of 11.98% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.61%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.13% in the last 1 week, and is up 11.83% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 0.79% and the 50-Day Moving Average is 11.2%.The 200 Day SMA reached 4.04%. InvenSense, Inc. is up 15.42% in the last 3-month period. Year-to-Date the stock performance stands at -26.1%.
InvenSense (NYSE:INVN): After opening at $7.59, the stock dipped to an intraday low of $7.5 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $7.66 and the buying power remained strong till the end. The stock closed at $7.56 for the day, a gain of 0.27% for the day session. The total traded volume was 819,260. The stocks close on the previous trading day was $7.54.
InvenSense, Inc. (InvenSense) is engaged in designing, developing, manufacturing and marketing devices and related software for sensor system-on-chip (SoC) for the motion and sound markets. The Company designs, develops, markets and sells sensor SoCs, including accelerometers, gyroscopes and microphones for the mobile, wearable, smart home, gaming, industrial and automotive market segments. The Companys motion solutions detect and track an objects motion in three-dimensional space. It assimilates information from gyroscopes, accelerometers, magnetometers, pressure sensors and microphones to determine how a host device is moving, its direction, its elevation and what it is hearing. The Companys sensor SoC devices consist of various fundamental components, such as its micro-electro-mechanical-systems (MEMS)-based motion sensors combined with its mixed-signal circuitry for signal processing; its MotionFusion technology, and the MotionApps platform.