On Nov 16, RTEC closed at $9.80, today RTEC has been trading at 11.27.
That's a 15% move in about 3 weeks.
I guess that flat pannel display business is a big deal.
With over $3/share in cash, $12/share still looks cheap.
I'd like more volume though.
What say you?
isn't volume "relative" to average volume? Yesterday 12/11/12 there were 1 million shares traded including the 160K of shares traded in after hours. That's 500% of recent average volume. After hours trading volumn was nearly an average days volumn of trading before yesterday.
If memory serves me, $11.32 was a resistance level a few days ago. RTEC broke thru resistance with decent volume (for RTEC), so I guess were looking at the low to mid $12's heading into the eoy earnings announcement.