SemiLEDS Corporation (LEDS) : Traders are bullish on SemiLEDS Corporation (LEDS) as it has outperformed the S&P 500 by a margin of 259.07% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 7.7%, 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 8.36% in the last 1 week, and is up 283.33% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
SemiLEDS Corporation (NASDAQ:LEDS): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $6.55 and $6.50 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $7.30. The buying momentum continued till the end and the stock did not give up its gains. It closed at $6.87, notching a gain of 5.37% for the day. The total traded volume was 919,435 . The stock had closed at $6.52 on the previous day.
The stock has recorded a 20-day Moving Average of 40.96% and the 50-Day Moving Average is 128.82%. SemiLEDs Corporation is up 185.06% in the last 3-month period. Year-to-Date the stock performance stands at 1756.76%.
SemiLEDs Corporation, a Taiwan-based holding company. The Company develops manufactures and sells light emitting diodes (LED) chips and LED components. The Companys products are primarily for general lighting applications, including street lights and commercial, industrial and residential lighting. The Companys core products are LED chips and LED components, as well as lighting products. The Companys sells blue, green and UV LED chips under its MvpLED brand and also sells Enhanced Vertical, LED product series in blue, green and UV. The Companys customers are primarily original design manufacturers, of lighting products and the end-users of lighting devices. The Companys packaging process includes chip bonding, wire bonding, phosphor coating, encapsulation, scribing, dicing and testing. SemiLEDs Optoelectronics Co., Ltd. A subsidiary located in Hsinchu, Taiwan where a substantial portion of research, development, manufacturing, marketing and sales activities take place.