Infineon Technologies (OTCMKTS:IFNNF) Share Price Passes Below Two Hundred Day Moving Average – Here’s Why

Infineon Technologies AG (OTCMKTS:IFNNFGet Free Report) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $34.04 and traded as low as $30.10. Infineon Technologies shares last traded at $30.10, with a volume of 1,171 shares trading hands.

Infineon Technologies Trading Down 4.6 %

The company’s 50 day moving average is $35.53 and its 200-day moving average is $34.04.

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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