HIMX Way Oversold

26 thg 5, 2014

Shares of Himax have been pushed downward into oversold territory due to downgrades and fear from investors regarding the release date of Google Glass. I believe it may have bottomed out at $6.62 earlier this month and am now looking for a continued reversal back to the $9 to $10 range and possibly higher. Not only because Glass is now available for sale, but because Himax is a strong company with a market cap of $1.2 billion and is showing consistent year-over-year growth. This stock is currently trading at a very cheap valuation.

For my complete opinion on Himax visit fdrinvestmentgroup.com/2014/05/round-two-for-himax-technologies-himx.html