Amkor Technology (AMKR) : Traders are bullish on Amkor Technology (AMKR) as it has outperformed the S&P 500 by a wide margin of 5.65% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 6.29%, 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 6.46% in the last 1 week, and is up 5.08% 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 6.74% and the 50-Day Moving Average is 14.33%.The 200 Day SMA reached 51.42%
Amkor Technology (NASDAQ:AMKR): After opening at $9.56, the stock dipped to an intraday low of $9.54 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $9.835 and the buying power remained strong till the end. The stock closed at $9.72 for the day, a gain of 1.89% for the day session. The total traded volume was 1,459,954. The stocks close on the previous trading day was $9.72.
Amkor Technology, Inc. (Amkor) is a provider of outsourced semiconductor packaging and test services. The Companys packaging and test services are designed to meet application and chip specific requirements, including the type of interconnect technology employed, size, thickness and electrical, and mechanical and thermal performance. It provides packaging and test services, including semiconductor wafer bump, wafer probe, wafer backgrind, package design, packaging, test and drop shipment services. The Company provides its services to integrated device manufacturers (IDMs), fabless semiconductor companies and contract foundries. IDMs design, manufacture, package and test semiconductors in their own facilities. Fabless semiconductor companies focuses on the semiconductor design process and manufacturing process.