Himax Technologies Inc. (HIMX)

I Know First made Himax TEchnologies Inc. (HIMX) a top stock pick for the 2 week time horizon on May 11th 2014. The stock had a predictability of 0.08 and an extremely strong signal of 43.06 for this short time horizon. This strong bullish signal is also expressed with the deeper green color as the forecast is color-coded.  In accordance with the algorithmic forecast the stock surged 14.67%.

Himax Technologies are well known for supplying LCOS displays for Google Glass. However, Himax is a leading manufacturer of IC drivers for displays used in laptops, mobile devices and TVs. With increased TV sales in China Himax’s double-digit growth in sales is likely to continue throughout this year making the stock price prediction optimistic.

Before making any trading decisions, consult the latest forecast as the algorithm constantly updates predictions daily. While the algorithm can be used for intra-day trading the predictability tends to become stronger with forecasts over longer time-horizons such as the 1-month, 3-month and 1-year forecasts.

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