Novellus Enters Oversold Territory - Tale of the Tape

Novellus Systems Inc.’s (NVLS) share price has entered into oversold territory with a stochastic value of 18.35. Analysts have been increasing their estimates on the company’s earnings for 2010, sending the Zacks Consensus Estimate up 30 cents over the past month to $2.80 per share. Novellus Systems is a Zacks #1 Rank (“Strong Buy”) company.
 
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