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Can Ultratech (UTEK) Continue to Rise?

Zacks Equity Research

Investors have definitely seen some solid trading in Ultratech, Inc. (UTEK) lately, leading to gains for some. However, UTEK is now in overbought territory thanks to its latest move, as the firm has an RSI value of 73.3. Additionally, Ultratech currently has a Zacks Rank #5 (Strong Sell), so if the earnings estimate trend is any guide, a fall might be coming for this overbought stock.

ULTRATECH INC (UTEK): Free Stock Analysis Report

Zacks Investment Research