Nova Measuring Instruments Ltd. (NASDAQ: NVMI) Shares

Nova Measuring Instruments Ltd. (NASDAQ: NVMI) shares are currently trading at $6.05 a weekly loss of $0.98 which is 19.32% down from last Tuesday’s closing price of $5.07. The company’s shares have 52-week trading range of $1.15 - $6.72. The daily average volume of the stock is 353,388 shares. The company has 50 day moving average of $4.46 and 200 day moving average of $4.72. The RSI of the stock is 75.89, showing an overbought position of the stock. The sustenance and resistance levels of Nova Measuring Instruments Ltd are $4.67 and $7.42.

Subscribe to daily free stock newsletter by visiting:  http://www.PennyStockPickReport.com

 The stock was in a range of $4.3 to $5.00, for quite some time, but now has broken out of that range and moving towards the 52 week high. The Market Capitalization of the company is $120.86 billion.

Nova Measuring Instruments Ltd. reported its 2010 second quarter results on Tuesday.

The company made Total revenues for the second quarter of 2010 were $19.4 million, an increase of 179% relative to the second quarter of 2009, and an increase of 22% relative to the first quarter of 2010. Gross margin for the second quarter of 2010 was 54%, compared with 41% in the second quarter of 2009, and 51% in the first quarter of 2010. The company revised its full year revenue guidance in the range of $78 million to $85 million, compared with its previous projection of $61 million to $66 million. Analysts on average were expecting $64 million.

On a GAAP basis, the company reported net income of $4.7 million, or $0.18 per diluted share, in the second quarter of 2010. This compares to a net loss of $0.1 million in the second quarter of 2009, and a net income of $2.7 million, or $0.11 per diluted share, in the first quarter of 2010. Analysts were looking for 12 cents a share profit on $16.9 million in revenue.

Subscribe to daily free stock newsletter by visiting:  http://www.PennyStockPickReport.com

The company generated $6.3 million in cash from operating activities during the second quarter of 2010, and total cash reserves at the end of the second quarter of 2010 were $46.7 million.

Nova Measuring Instruments Ltd. develops, produces and markets advanced integrated and stand alone metrology solutions for the semiconductor manufacturing industry. The products of the Company include metrology systems for thin film measurement in chemical mechanical polishing and chemical vapor deposition applications; optical critical dimensions (CD) and metal line thickness (MLT) systems for use in post-copper chemical mechanical polishing applications and optical critical dimension systems for lithography and etch applications.

About http://www.PennyStockPickReport.com

Penny Stock Pick Report offers stock newsletter on OTC, PINKSHEETS ,OTCBB, AMEX, NASDAQ and NYSE stock exchange. Our subscribers receive daily up to date stock information on hot stocks, most active movers, top gainers, penny stocks and much more. If you wish to feature your organization on our website then you can contact us at the email given below.