II-VI Inc. (IIVI), Change: +11.10 (23.09%)- II-VI Incorporated designs, manufactures, and markets optical and optoelectronic devices used in laser processing, fiber-optic telecommunication, infrared missile guidance, advanced x-ray systems, and nuclear radiation detection.
Competitors to Watch: LightPath Tech (LPTH), Meade Instruments Corp (MEAD), Dynasil Corp. of America (DYSL)
Rediff.com India Ltd (REDF), Change: +2.59 (22.66%)- Rediff.com India Ltd. (REDF) has been a monster the last two weeks and has gone from about the 7 1/4 area to 14.72, more than doubling in two weeks. Tuesday it popped 2.59, or 22.6%, on nearly 8 million shares. That's the heaviest volume we've ever seen on Rediff. Now that it's at the top of the channel at the target around 14 1/2 – 15, it could be that we're going to see this stock back off and do some resting here.
Competitors to Watch: Yahoo! Inc (YHOO), Google Inc. (GOOG), Sohu.com Inc (SOHU)
SMART Modular Tech (SMOD), Change: +1.10 (13.39%)- The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momemtum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $7.40 area where the stock will likely see buying pressure.
Competitors to Watch: Netlist (NLST), Micron Technology (MU), Intel Corporation (INTC)
Ultra Clean Hldgs (UCTT), Change: +1.30 (12.59%)- The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momemtum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $9.81 area where the stock will likely see buying pressure.
Competitors to Watch: ATMI Inc (ATMI), Entegris Inc. (ENTG), Applied Materials Inc. (AMAT)
Newport Corporation (NEWP), Change: +1.60 (9.91%)- Newport Corporation is a leading global supplier of advanced-technology products and systems to customers in the scientific research, aerospace and defense/security, microelectronics, life and health sciences and precision industrial manufacturing markets. Newport's innovative solutions leverage its expertise in photonics technologies, including lasers, photonics instrumentation, sub-micron positioning systems, vibration isolation, optical components and subsystems and precision automation, to enhance the capabilities and productivity of its customers' manufacturing, engineering and research applications.
Competitors to Watch: Techprecision Corporation (TPCS), Wong Engineering Corp (WONG), Impressive Edge Group (IMPRESS)
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