Rudolph Technologies (RTEC)
Company
"Rudolph Technologies, Inc. is a leader in the design, development, manufacture and support of high-performance process control metrology and macro defect inspection equipment used by semiconductor device manufacturers around the world." (company website)
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RTEC 4-month chart
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RTEC 1-year chart
Sell Short
10 December 2009. RTEC peaked in August but has been trending down since then. A modest earnings surprise in November was enough to arrest the freefall from the October peak, but not to change the trend. Right now it is in a squeeze play between the falling 50-day moving average and the rising 200-day.
- Percentage price oscillator (PPO) — above the signal line but showing signs of converging back toward it
- Volume — volume peaks since earnings are decreasing
Based on technical analysis, MarketEdge calls RTEC a "short candidate" in a "weak downward trend."