Watch for Continued Gains in Shares of TriQuint Semiconductor (TQNT)

Shares of TriQuint Semiconductor (TQNT) traded at a new 52-week high today of $11.24. Approximately 1.5 million shares have traded hands today vs. average 30-day volume of 4.2 million shares.

TriQuint Semiconductor is currently trading at $11.06, approximately 16% above its 50-day moving average of $9.53. SmarTrend will be monitoring shares of TQNT to see if this bullish momentum will continue.

In the last five trading sessions, the 50-day MA has climbed 3.74% while the 200-day MA has risen 1.4%.

In the past 52 weeks, shares of TriQuint Semiconductor have traded between a low of $5.13 and a high of $11.02 and are now at $11.19, which is 118% above that low price.

SmarTrend currently has shares of TriQuint Semiconductor in an Uptrend and issued the Uptrend alert on July 26, 2010 at $7.33. The stock has risen 49.1% since the Uptrend alert was issued.