Photonics and optics have been one of the hottest sectors lately.

Syntec Optics designs and manufactures very precise optical components. Think lenses, mirrors, and optical assemblies that control and guide light. These parts are used in things like semiconductors, medical devices, defense systems, and laser-based equipment.

Fundamentally, not much has changed. The business has been fairly stagnant, so this is more of a short-term play taking advantage of the current market sentiment. It’s a small cap stock that is very volatile, so keep that in mind.

The Setup:

• Part of the leading theme

• Just broke out of a base and retested the breakout area

• Capitalizing on short-term trend