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Stock Investors Bid Up Shares of Cymer, Up 1.8%

Published on Thu, 01/24/2013 - 11:26
By Adrienne Chilton

Cymer (NASDAQ:CYMI) is one of today's biggest movers, up 1.8% to $98.41. The Dow is up 0.6% to 13,858 and the S&P is currently up 0.4% to 1,500.

Over the past year, Cymer has traded in a range of $45.05 to $98.75 and is now at $98.41, 118% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 0.7%.

Cymer, Inc. supplies excimer laser illumination sources for use in deep ultraviolet photolithography systems. The Company's lasers are incorporated into step-and-repeat and step-and-scan photolithography systems for use in the manufacture of semiconductors.

Cymer (NASDAQ:CYMI) defies analysts with a current price ($98.41) 25.4% above its average consensus price target of $73.43. The stock should discover initial support at its 50-day moving average (MA) of $87.79 and subsequent support at its 200-day MA of $64.66.

By Adrienne Chilton