Shares of Taiwan Semiconductor Manufacturing (NYSE:TSM) traded at a new 52-week high today of $12.32. Approximately 2 million shares have traded hands today vs. average 30-day volume of 11.3 million shares.
Taiwan Semiconductor Manufacturing is currently trading at $12.28, approximately 11.7% above its 50-day moving average of $10.99. SmarTrend will be monitoring shares of TSM to see if this bullish momentum will continue.
In the last five trading sessions, the 50-day MA has climbed 1.62% while the 200-day MA has risen 0.52%.
In the past 52 weeks, shares of Taiwan Semiconductor Manufacturing have traded between a low of $9.30 and a high of $12.25 and are now at $12.31, which is 32% above that low price.
SmarTrend currently has shares of Taiwan Semiconductor Manufacturing in an Uptrend and issued the Uptrend alert on October 22, 2010 at $10.50. The stock has risen 15.4% since the Uptrend alert was issued.
Article via My Smart Trend
Taiwan Semiconductor Manufacturing: The Winning Streak Continues (TSM)
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