( Yesterday close ) Chart courtesy of stockcharts

Infineon shares are trading very well today reacting to a recommendation from A Lehman Brothers analyst on Thursday that upgraded stock citing that his he prefers Infineon Technologies AG to STMicroelectronics NV on growth prospects. This analyst raised his view on the European semiconductor sector to "Positive" from "Neutral " expecting a recovery and market share gains for leading companies, such as Infineon. Technically speaking based on the chart above, stock is trading in a Bull Market, its 50 dma still on top of 200 dma and MACD and RSI still going up. Investor confidence came back to stock, however a close above $17.30 will push immediately stock price till the highs of the year. So, pay particulary close attention for a close above this value.

Labels: IFX