Technical Analysis Of Altera And Himex Technologies

Altera Stock Technical Analysis

NOTE: This Technical Analysis is Based on Closing Price on February 16th. For latest Altera Technical Analysis Chart see here.

Altera (NASDAQ:ALTR) stock price is moving towards the 50 day moving average. Altera stock  is in uptrend since beginning of February, and has crossed over the 100 day moving average. The stock had formed an inverted head and shoulders, leading to the bullish trend. Altera stock price has hit the upper limit of the Bollinger bands but the RSI is still not in the overbought zone, indicating that the stock has still momentum left in it to break above the 50 day moving average. While MACD is below the zero centerline, it has started moving upwards.

ALTR Technical chart
AlteraTechnical Analysis Chart by amigobulls.com

Himex Technologies: Resistance from 100 day SMA

NOTE: This Technical Analysis is Based on Closing Price on February 16th. For latest Himex Technical Analysis Chart see here.

Himex (NASDAQ:HIMX) stock price is facing combined resistance from 20 day, 50 day and 100 day moving average. As can be seen from the chart,100 day moving average had acted as resistance line in last six months. The MACD is also sending bearish signal. The MACD line is in the negative zone, below the centerline. However, if the Himex stock price crosses the 100 day moving average line and also 50 day moving average breaks above the 100 day moving average then the stock is likely to be a bullish bet.
Himex Technical chart
Himax Technologies Technical Analysis Chart by amigobulls.com

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Neither Amigobulls, nor any members of its staff hold positions in any of the stocks discussed in this post. The author may not be a certified/registered investment advisor, and the opinions expressed should not be treated as investment advice. Buying and selling of securities carries the risk of monetary losses. Readers/Viewers are advised to carry out their own due diligence and consult their investment advisors before making any investment decisions. Neither Amigobulls, nor the author have any business relationship with any of the companies covered in this post.

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