AU Optronics (NYSE:AUO) is one of today's biggest movers, up 4.2% to $5.66. The Dow Jones Industrial Average is now trading fractionally lower to 12,709 and the S&P is trading fractionally higher to 1,325.
AU Optronics Corp. manufactures and markets thin film transistor-liquid crystal displays (TFT-LCDs) and plasma display panels (PDPs). The Company sells its products in Taiwan and exports worldwide.
AU Optronics has overhead space with shares priced $5.66, or 14.5% below the average consensus analyst price target of $6.62. AU Optronics shares have support at the 200-day moving average (MA) of $5.52 and additional support at the 50-day MA of $4.63.
In the past 52 weeks, shares of AU Optronics have traded between a low of $3.75 and a high of $10.19 and are now at $5.66, which is 51% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has advanced 0.8%.
