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Supertex Shares Sinking Lower, Down 1.5%

Published on Wed, 01/30/2013 - 13:20
By Mallory Stone

Supertex (NASDAQ:SUPX) is one of today's notable stocks in decline, down 1.5% to $18.56. The Dow is trading fractionally higher to 13,956 and the S&P is currently trading fractionally lower to 1,507.

In the past 52 weeks, Supertex share prices have been bracketed by a low of $15.72 and a high of $21.38 and are now at $18.56, 18% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has remained constant.

Supertex, Inc. produces high voltage analog and mixed signal semiconductor components. The Company's products are used in the telecommunications, imaging, and medical electronics markets. Supertex markets its products in the United States and overseas, primarily to electronic equipment manufacturers.

Potential upside of 23.9% exists for Supertex, based on a current level of $18.56 and analysts' average consensus price target of $23.00. The stock should find initial support at its 200-day moving average (MA) of $18.32 and further support at its 50-day MA of $17.80.

By Mallory Stone