Shares of RSTI Up 39.7% Since Uptrend Call on Shares
SmarTrend identified an Uptrend for Rofin-Sinar Technologies (NASDAQ:RSTI) on March 2nd, 2016 at $23.08. In approximately 8 months, Rofin-Sinar Technologies has returned 39.73% as of today's recent price of $32.25.
Over the past year, Rofin-Sinar Technologies has traded in a range of $16.46 to $38.68 and is now at $32.25, 96% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 2.8%.
Rofin-Sinar Technologies, Inc. develops, manufactures, and markets laser-based products used for cutting, welding, and marking a wide range of industrial materials. The Company, through its global network, provides a range of laser solutions to the machine tool, automotive, and semiconductor and electronics industries.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Rofin-Sinar Technologies shares.
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