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Netlist(NLST - Get Report) designs, manufactures and sells memory subsystems for the server, high performance computing and communications markets. This stock is trading up 7.3% at $3.06 in recent trading.
Today's Range: $2.65-$3.29
52-week Range: $1.04-$3.29
Three-Month Average Volume: 216,180
This stock has been hot all week after the company showed in a regulatory filing on Monday that it had inked deals with
IBM (IBM) and
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From a technical standpoint, this stock is now approaching some massively overbought levels; its current relative strength index is showing a reading of 90.5. Any reading over 70 is usually considered overbought for any stock, so NLST is extremely overbought.
If you're bullish on this name, I would let this pullback significantly from current levels. There are a number of gaps that could easily get filled on this stock below its current price. I would wait for these large recent gains to consolidate before I went long NLST.