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Stock Investors Bid Up Shares of Rofin-Sinar Technologies, Up 2.0%

Published on Tue, 03/05/2013 - 13:32
By Peter Chu

One of today's notable stocks on the rise is Rofin-Sinar Technologies (NASDAQ:RSTI), up 2.0% to $26.93. The S&P is currently trading 1.0% higher to 1,541 and the Dow Jones Industrial Average is trading 1.0% higher to 14,269.

Rofin-Sinar Technologies has overhead space with shares priced $26.93, or 8.0% below the average consensus analyst price target of $29.26. Rofin-Sinar Technologies shares have support at the 50-day moving average (MA) of $24.76 and additional support at the 200-day MA of $21.10.

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.

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 64% above that low price at $26.93 per share. The 200-day and 50-day moving averages have moved 0.32% higher and 1.46% higher over the past week, respectively.

By Peter Chu
pchu@fnno.com