TwinTrader.com announces the publication of Breakout for XLTC; highlighting public companies on the move and what’s behind the surge.
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“Excel Technology Inc., together with its subsidiaries, designs, manufactures and markets laser systems and electro-optical components, primarily for industrial and scientific applications…
“GSI Group, a supplier of precision technology to the medical, electronics and industrial markets and semiconductor systems, announced its intentions to by Excel Technology at $32 per share…
“The chart looks typical of a takeover announcement. The RSI and MACD indicators have distorted and become technically meaningless. Buying this stock with the intentions of the $32 may be very risky. Any move away from the acquisition talks may pound this stock, mercilessly...”
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