Financial Technology

Financial Technology - INDUSTRY NEWS

Share

TMCNet:  Hot Stock: Axcelis Technologies, Shares Gain 9.5% (ACLS)

[January 24, 2013]

Hot Stock: Axcelis Technologies, Shares Gain 9.5% (ACLS)

Jan 24, 2013 (SmarTrend(R) Spotlight via COMTEX) -- Axcelis Technologies (NASDAQ:ACLS) is one of today's best performing low-priced stocks, up 9.5% to $1.38 on 1.1x average daily volume. Thus far today, Axcelis Technologies has traded 429,000 shares, vs. average volume of 406,000 shares per day. The stock has outperformed the Dow (9.5% to the Dow's 0.3%) and outperformed the S&P 500 (9.5% to the S&P's -0.1%) during today's trading.
Story continues below ↓

Axcelis Technologies (NASDAQ:ACLS) has potential upside of 44.9% based on a current price of $1.38 and analysts' consensus price target of $2.00. The stock should discover initial support at its 50-day moving average (MA) of $1.18 and subsequent support at its 200-day MA of $1.12.

Axcelis Technologies, Inc. designs, manufactures and services ion implantation, day strip, thermal processing and curing equipment used in the fabrication of semiconductor chips.

In the past 52 weeks, shares of Axcelis Technologies have traded between a low of $0.71 and a high of $2.04 and are now at $1.38, which is 94% above that low price. The 200-day and 50-day moving averages have moved 0.34% lower and 1.24% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Axcelis Technologies on December 5th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $1.16. Since that recommendation, shares of Axcelis Technologies have risen 9.1%. We continue to monitor ACLS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

[ Back To Financial Technology's Homepage ]