Infineon Technologies (OTCMKTS:IFNNF) Stock Price Passes Above Fifty Day Moving Average – Here’s Why

Infineon Technologies AG (OTCMKTS:IFNNFGet Free Report) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $33.33 and traded as high as $39.54. Infineon Technologies shares last traded at $39.54, with a volume of 1,404 shares trading hands.

Infineon Technologies Price Performance

The business has a 50 day simple moving average of $33.33 and a 200 day simple moving average of $34.21.

Infineon Technologies Company Profile

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Infineon Technologies AG designs, develops, manufactures, and markets semiconductors and semiconductor-based solutions worldwide. Its Automotive segment offers automotive microcontrollers; 3D ToF, magnetic, and pressure sensors; discrete power semiconductors; IGBT modules; industrial microcontrollers; power and memory ICs; transceivers; diodes, MOSEFTs, and modules; and voltage regulators for use in assistance and safety systems, comfort electronics, infotainment, powertrain, and security products.

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