SemiLEDs Corp (NASDAQ: LEDS), a semiconductor manufacturer, is featured as today’s top momentum gainer
since it gained over 13% during the last two consecutive trading sessions
with significant volumes. During the last session, LEDS was among the top
gainers in the U.S technology space having gained 12.8% breaking the long
term 200-DMA (Daily Moving Average) at $1.23. The stock closed at $1.37
while recording volumes of 1.33 million shares. During the past 5-trading
sessions, LEDS gained 26.8% with average volumes of 757,896 shares. A bullish
momentum is witnessed in the share price since LEDS has surged over 39%
in the past one month with daily average volume of 547,343 shares.
Company Description:
SemiLEDs Corp (NASDAQ: LEDS) develops, manufactures, and sells (LED) Light
Emitting Diode chips and LED components. The company sells blue, green
and ultraviolet (UV) LED chips under its own brand primarily to customers
in China, Taiwan and other parts of Asia.
1-Year Stock Chart:
Source: Bloomberg
