AU Optronics Corp (AUO) : Traders are bullish on AU Optronics Corp (AUO) as it has outperformed the S&P 500 by a margin of 26.19% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 10.06%, 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 10.73% in the last 1 week, and is up 34.71% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
AU Optronics Corp (NYSE:AUO): The stock opened at $3.96 on Friday but the bulls could not build on the opening and the stock topped out at $3.98 for the day. The stock traded down to $3.89 during the day, due to lack of any buying support eventually closed down at $3.92 with a loss of -1.26% for the day. The stock had closed at $3.97 on the previous day. The total traded volume was 1,195,750 shares.
The stock has recorded a 20-day Moving Average of 14.55% and the 50-Day Moving Average is 30.5%. AU Optronics Corp. is up 28.52% in the last 3-month period. Year-to-Date the stock performance stands at 34.71%.
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.