The Traderszone Network

Published in TZ Latest News 22 May, 2016 by The TZ Newswire Staff

This Small Semiconductor Stock Has A Big Chart

A little more than three weeks ago, a very small $435 million semiconductor company reported quarterly EPS that nearly tripled Wall Street consensus estimates.  Quarterly revenues also beat estimates by roughly 3%.  That combination sent Nanometrics (NANO) soaring on April 27th, at one point up 20% on the session.  NANO became overbought at that point and has spent the past few weeks consolidating with its RSI falling from 80 to nearly 50.

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