Credence Systems Is a Speculative Buy

Credence Systems (CMOS), a semiconductor equipment maker specializing in test equipment, has a multi-year history of sudden price drops, the latest of which occurred on April 17 when CMOS dropped 20.11 percent after reporting weak earnings and guidance.

The stock on April 18 closed at $1.30, down another 6.48 percent.

CMOS has support at $1.20, its all-time closing low set on March 10.

With many of the semiconductor and semiconductor equipment stocks trying to begin the upside of a new price cycle, now could be a opportune time to nibble at CMOS. But the stock is strictly speculative, so be vigilant.

Related Articles:

Price Patterns - Support Levels May Constrain Price Downsides
Making Money With Cyclical Stocks
Portfolio of Semiconductor Equipment Maker Stocks


Posted April 21, 2007.