Himax Technologies (HIMX) Bearish Technical Alert - Trend Down 5.3%

Himax Technologies (NASDAQ:HIMX) is trading 1% lower (down $0.03 to $2.97) today on volume of 180,304 shares. The stock has traded within a 52-week range of $1.00 and $3.97.

Himax Technologies is currently below its 50-day moving average of $3.30 and should find support at its 200-day moving average of $2.81.

SmarTrend is bearish on shares of HIMX and our subscribers received a Downtrend alert on August 24, 2009 at $3.13, which has returned 5.3% to date.

Write to Chip Brian at cbrian@tradethetrend.com

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