Rubicon Technology (RBCN - Get Report) is an electronic materials provider that develops, manufactures and sells monocrystalline sapphire and other crystalline products for light-emitting diodes, radio frequency integrated circuits, blue laser diodes, optoelectronics and other optical applications. This stock is trading up 15% at $10.80 in recent trading.
Today's Volume: 1.25 millionAverage Volume: 539,190 Volume % Change: 186% From a technical perspective, RBCN is ramping sharply higher today on monster volume. This move now puts the stock within range of moving back above its 50-day moving average of $10.84, and within range of filling a recent gap down in price from over $12. Traders should continue to look for long biased trades in RBCN if this stock closes above its 50-day today. If we get that action, then look for RBCN to fill that near-term gap and make a run at $12 or higher in the very near future. I featured Rubicon as a short-squeeze play in February. Follow @stockpickr
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