Novanta Inc. Technology | Scientific & Technical Instruments | USA Novanta Inc., together with its subsidiaries, designs, develops, manufactures, markets, and sells precision photonic and motion control components and subsystems to original equipment manufacturers in the medical equipment and advanced industrial technology markets worldwide. The company operates in three segments: Photonics, Vision, and Precision Motion. The Photonics segment offers photonics-based solutions, including CO2 laser sources, and laser scanning and laser beam delivery products for photonics-based applications, such as industrial material processing, metrology, medical and life science imaging, and medical laser procedures. The Vision segment provides a range of medical grade technologies, including visualization solutions, imaging informatics products, optical data collection and machine vision technologies, RFID technologies, thermal printers, light and color measurement instrumentation, and embedded touch screen solutions. The Precision Motion segment offers optical encoders, precision motor and other motion control technology, air bearing spindles, and precision machined components. The company sells its products through its direct sales force; distributors, including manufacturers' representatives; resellers; and system integrators under the MicroE, Celera Motion, Westwind, Synrad, Cambridge Technology, ExoTec Precision, General Scanning, Photo Research, JADAK, NDS, NDSsi, Applimotion, Lincoln Laser, Skyetek, and Reach Technology brands. Novanta Inc. was founded in 1968 and is headquartered in Bedford, Massachusetts.
I find it surprising that you would point this one out. From my perspective it looks to me like the smooth ride upward may be over and bumpy road ahead which could push this one down. I am guessing that the $55.00 peak may be as high as this one goes for awhile. Do you see it going above $55.00 in the near future?
It may not break the resistance now and then would check back end of January. I think it could still go below 47, but then see how it holds up.
