HIMX Way Oversold

26 may 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