Advanced Semiconductor Engineering (ASX) : Traders are bullish on Advanced Semiconductor Engineering (ASX) as it has outperformed the S&P 500 by a wide margin of 11.18% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 7.54%, 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% in the last 1 week, and is up 13.95% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Advanced Semiconductor Engineering (NYSE:ASX): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $6.12 and $6.12 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $6.22. The buying momentum continued till the end and the stock did not give up its gains. It closed at $6.21, notching a gain of 0.32% for the day. The total traded volume was 576,211 . The stock had closed at $6.19 on the previous day.
The stock has recorded a 20-day Moving Average of 8.02% and the 50-Day Moving Average is 10.79%. Advanced Semiconductor Engineering Inc. is up 33.55% in the last 3-month period. Year-to-Date the stock performance stands at 9.52%.
Advanced Semiconductor Engineering, Inc. is an independent provider of semiconductor packaging and testing services. The Company packages bare semiconductors into finished semiconductors with enhanced electrical and thermal characteristics, provides testing services, including front-end engineering testing, wafer probing and final testing services, and provides electronics manufacturing services. It also engages in other activities, such as substrate production and real estate business. The Company operates through the following segments: Packaging, Testing and Electronic Manufacturing Services. The Company offers a range of package types to meet the requirements of its customers, with a focus on advanced packaging solutions. The Company provides a range of semiconductor testing services, including front-end engineering testing, wafer probing, testing and test-related services. It provides integrated solutions for electronic manufacturing services.