HIMX Way OversoldShares 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 www.fdrinvestmentgroup.com
