OmniVision Technologies Inc. (OVTI)
"OmniVision Technologies is a leading developer of advanced digital imaging solutions. Its award-winning CMOS imaging technology enables superior image quality in many of today's consumer and commercial applications, including mobile phones, digital still and video cameras, webcams, security and surveillance, automotive and medical imaging systems." (company website)
OVTI 4-month chart
OVTI 1-year chart
9 June 2009. OmniVision got a nice boost from May earnings that beat Expectations. Since then it has pulled back to about the same price as when earnings were announced.
- Percentage price oscillator (PPO) — just below signal line
- Volume — average volumes increasing since late May
Based on technical analysis, MarketEdge calls OVTI a "strong buy" in a "weak upward trend."
6 July 2009. Last Thursday, just before the three-day weekend, OVTI broke below the 50-day moving average. Although it rallied a bit at the opening of today's session, the rally broke down and it plunged even lower, triggering my stop-loss order.