AU Optronics Corp (NYSE:AUO) : Traders are bullish on AU Optronics Corp (NYSE:AUO) as it has outperformed the S&P 500 by a wide margin of 23.64% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.36%, 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 2.65% in the last 1 week, and is up 25.63% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have dropped -17.14% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $4.20 and the one year low was seen on Feb 3, 2016. The 50-Day Moving Average price is $2.92 and the 200 Day Moving Average price is recorded at $2.81.
The stock has recorded a 20-day Moving Average of 15.81% and the 50-Day Moving Average is 23.42%.
AU Optronics Corp (NYSE:AUO): stock turned positive on Friday. Though the stock opened at $3.49, the bulls momentum made the stock top out at $3.5 level for the day. The stock recorded a low of $3.43 and closed the trading day at $3.48, in the green by 0.87%. The total traded volume for the day was 678,922. The stock had closed at $3.45 in the previous days trading.
Au Optronics Corp. is engaged in the research, development, production and sale of thin film transistor liquid crystal displays (TFT-LCDs) and other flat panel displays used in a range of applications. The Company is also engaged in the production and sale of solar photovoltaic (PV) modules and systems. The Company operates in two business segments: Display Business and Solar Business. In the Display Business segment, the Company designs, develops, manufactures, assembles and markets flat panel displays. In the Solar Business segment, the Company designs, develops and manufactures PV modules, as well as produce solar PV systems and provide various value-added services for solar PV systems projects.