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Buyers Accumulate Shares of Rofin-Sinar Technologies, Up 2.1%

Published on Thu, 04/25/2013 - 10:31
By Adrienne Chilton

Rofin-Sinar Technologies (NASDAQ:RSTI), a company whose shares are moving quickly, is trading 2.1% higher to $25.35. The Dow is up 0.5% to 14,749 and the S&P is currently up 0.7% to 1,590.

Rofin-Sinar Technologies share prices have moved between a 52-week high of $38.68 and a 52-week low of $16.46 and are now trading 54% above that low price at $25.35 per share. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has declined 0.7%.

Rofin-Sinar Technologies (NASDAQ:RSTI) has potential upside of 15.0% based on a current price of $25.35 and analysts' consensus price target of $29.14. The stock should hit resistance at its 50-day moving average (MA) of $26.56, as well as support at its 200-day MA of $22.34.

Rofin-Sinar Technologies, Inc. develops, manufactures, and markets laser-based products used for cutting, welding, and marking a wide range of industrial materials. The Company, through its global network, provides a range of laser solutions to the machine tool, automotive, and semiconductor and electronics industries.

By Adrienne Chilton
achilton@fnno.com