HIMX - StockXpo's Techfund Pick - Jumped to More than 70% - Stockxpo - Grow more with Investors, Traders, Analyst and Research

HIMX – StockXpo’s Techfund Pick – Jumped to More than 70%

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Here we want to highlight that our TechFund Strategy has been doing great since we started to publish our strategies from October 9th under Stock Picks. Moreover this strategy has been back-tested and confirmed by our team of experts to provide the profit of 51.50% compared to S&P 500 providing 18.40%. 

Last time we had $SMTS in november and $MOGO in december in our watchlist and performed well. This time we have two new stocks performing constantly well – $ORGO about which we have mentioned in our another blog(ORGO – StockXpo’s Techfund Pick – Almost Doubled in just 5 weeks(Nisha – change it to blog link in live)) & another $HIMX which has increased more than 70% since we have added that in our TechFund strategy picks.

Let us calculate the P&L since we have sent the buy alert for the $HIMX.

Stock Symbol $HIMX
Buy Alert Date 01-22-2021
Buy Price $8.81
Sell Alert Date NA
Sell Price NA
Current Price(As of 02-09-21) $15.11
Profit(Current Price - Buy Price) $6.30
Profit % 71.50%

Company Background

Himax Technologies, Inc. designs, develops and markets semiconductors that are critical components of flat panel displays. The Company’s principal products are display drivers for large-sized TFT-LCD panels, which are used in desktop monitors, notebook computers and televisions, and display drivers for small- and medium-sized TFT-LCD panels, which are used in mobile handsets and consumer electronics products such as digital cameras, mobile gaming devices and car navigation displays. In addition, the Company is expanding its product offering to include LCD TV chipset solutions and LCOS microdisplays.

Technical Analysis

The stock has moved higher by 48.4% in the past month, while it is also above its 20 day SMA too.Here is the strong combination of favorable technical and price performance due to which it is still going up.

So make sure to keep an eye on this stock and check  if this recent move continues.

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