Can the Recent Uptrend Continue for Advanced Semiconductor Engineering (ASX)? - Tale of the Tape

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Advanced Semiconductor Engineering ( ASX ) has been on the move lately as the stock has risen by 9.5% in the past four weeks, and it is currently trading well above its 20-Day SMA. This is a pretty solid move higher, but the question that has to be on investors' minds right now is; can this trend continue?

While there can be no telling for sure, it is certainly encouraging that earnings estimates have risen in the past few weeks on the company, suggesting that sentiment on ASX is moving in the right direction. In fact, the stock currently has a Zacks Rank #2 (Buy) , suggesting that the recent run could certainly continue for this in-focus company.



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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Investing Ideas , Stocks

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