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Ultratech Inc Shares Up 28.9% Since SmarTrend's Buy Recommendation (UTEK)

By James Quinn

SmarTrend identified an Uptrend for Ultratech Inc (:UTEK) on December 14th, 2016 at $23.46. In approximately 17 months, Ultratech Inc has returned 28.86% as of today's recent price of $30.23.

In the past 52 weeks, shares of Ultratech Inc have traded between a low of $20.56 and a high of $30.94 and are now at $30.23, which is 47% above that low price. The 200-day and 50-day moving averages have moved 0.50% higher and 0.71% higher over the past week, respectively.

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 Inc shares.

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

Keywords: spotlights :utek ultratech inc

Ticker(s): UTEK