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Ultratech Up 25.6% Since SmarTrend Uptrend Call (UTEK)

By Shiri Gupta

SmarTrend identified an Uptrend for Ultratech (NASDAQ:UTEK) on December 14th, 2016 at $23.46. In approximately 3 months, Ultratech has returned 25.62% as of today's recent price of $29.47.

In the past 52 weeks, Ultratech share prices have been bracketed by a low of $13.97 and a high of $29.60 and are now at $29.46, 111% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.7%.

Ultratech, Inc. designs, manufactures and markets photolithography equipment used worldwide in the fabrication of semiconductor and nanotechnology devices. The Company has expanded its technology scope in pioneering laser processing technology for IC manufacturing.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Ultratech shares.

Log in and add Ultratech (UTEK) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights ultratech

Ticker(s): UTEK