Axcelis Technologies (ACLS) has risen sharply, recording gains of 10.01% in the past 4 weeks. However, the stock has corrected -2.41% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 9.59% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Axcelis Technologies Inc. is up 21.49% in the last 3-month period. Year-to-Date the stock performance stands at 13.51%. The stock has recorded a 20-day Moving Average of 4.2% and the 50-Day Moving Average is 8.19%.
Axcelis Technologies (NASDAQ:ACLS): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $11.70 and $11.70 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $11.99. The buying momentum continued till the end and the stock did not give up its gains. It closed at $11.76, notching a gain of 0.43% for the day. The total traded volume was 110,887 . The stock had closed at $11.71 on the previous day.
Axcelis Technologies, Inc. designs, manufactures and services ion implantation and other processing equipment used in the fabrication of semiconductor chips. The Company sells its equipment to semiconductor chip manufacturers across the world. In addition to equipment, it provides aftermarket lifecycle products and services, including used tools, spare parts, equipment upgrades, maintenance services and customer training. Its customers are located in the United States, Europe and Asia Pacific. The Company offers a line of high energy, high current and medium current implanters for all application requirements. Its newest systems are all based on a common Purion platform which offers purity, precision and productivity by combining a single wafer end station, enabling unmatched throughput (500 wafers per hour) and a spot beam. Its Purion XE is the high energy system, which combines Axcelis production-proven RF Linac high energy, spot beam technology with the Purion platform.