AU Optronics Corp (AUO) : Traders are bullish on AU Optronics Corp (AUO) as it has outperformed the S&P 500 by a wide margin of 21.41% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.15%, 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 4.59% in the last 1 week, and is up 24.43% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
AU Optronics Corp (NYSE:AUO): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $4.21 and $4.21 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $4.33. The buying momentum continued till the end and the stock did not give up its gains. It closed at $4.33, notching a gain of 4.34% for the day. The total traded volume was 1,307,634 . The stock had closed at $4.15 on the previous day.
The stock has recorded a 20-day Moving Average of 12.31% and the 50-Day Moving Average is 31.19%. AU Optronics Corp. is up 66.54% in the last 3-month period. Year-to-Date the stock performance stands at 48.8%.
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.