Long Position on RTEC @ $24.50 on 5/15/2017 (Momentum)

Rudolph Technologies, Inc. (RTEC) designs, develops, manufactures, and supports process control defect inspection and metrology, advanced packaging lithography, and data analysis systems and software used in microelectronic device manufacturing.

The company also offers process and yield management solutions used in wafer processing and final manufacturing through standalone systems for macro-defect inspection, lithography, probe card test and analysis, and transparent and opaque thin film measurements.

In addition, it provides spare parts. The company markets and sells its products to logic, memory, data storage, flat panel, and application-specific integrated circuit device, and packaging manufacturers.

Rudolph Technologies, Inc. offers its products in the United States, Taiwan, South Korea, Singapore, Austria, Japan, Germany, and China, as well as other European and Asian countries.

Shares have formed a bullish "flag" following release  of its recent quarterly report. The company reported Q1 EPS of 26 cents, 2 cents above the estimates. It posted revenue of $60.7 million in the period, which also topped Street forecasts of $58.2 million. Higher share prices are expected for this stock.

52-Weeks Trading Range: $13.43 - $25.45

Entry Point: $24.50

Stop Loss: $23.10

Target Price: $27.12

Updates

6/7/2017 2:05:18 PM

RTEC closed at $26.15

Position closed on 6/7/2017 at price of $26.15 with a 6.73% gain in 23 days.

Back to Portfolio