Infineon Technologies (OTCMKTS:IFNNF) Shares Pass Below 200 Day Moving Average – Here’s Why

Infineon Technologies AG (OTCMKTS:IFNNFGet Free Report) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $38.15 and traded as low as $36.56. Infineon Technologies shares last traded at $36.99, with a volume of 564 shares.

Infineon Technologies Trading Up 1.9%

The stock’s 50-day moving average is $41.81 and its 200-day moving average is $38.15.

Infineon Technologies Company Profile

(Get Free Report)

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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