TMCNet:  Downtrend Call Working As Rubicon Technology Stock Falls 29.7% (RBCN)

[January 22, 2013]

Downtrend Call Working As Rubicon Technology Stock Falls 29.7% (RBCN)

Jan 22, 2013 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Rubicon Technology (NASDAQ:RBCN) on October 8th, 2012 at $9.04. In approximately 4 months, Rubicon Technology has returned 29.72% as of today's recent price of $6.35.


In the past 52 weeks, shares of Rubicon Technology have traded between a low of $5.82 and a high of $26.45 and are now at $6.31, which is 8% above that low price. Over the past week, the 200-day moving average (MA) has gone down 1.1% while the 50-day MA has declined 3.8%.

Rubicon Technology, Inc. develops, manufactures, and sells monocrystalline sapphire and other crystalline products. The Company's products are used in Light-Emitting Diodes ("LEDs"), radio frequency integrated circuits ("RFICs"), blue laser diodes, and optoelectronics and other optical applications.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Rubicon Technology.

Log in and add Rubicon Technology (RBCN) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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