After reporting strong second-quarter results on July 29, 2020, Ultra Clean Holdings (UCTT) rallied to new yearly highs. After topping $31.10, the tech wreck pulled UCTT stock lower. The market sold off Apple (AAPL) and Tesla (TSLA) stocks followed by semiconductor stocks. At a price-to-earnings ratio below 9 times, Ultra Clean presents another entry point for technology investors.
Technical traders will note that Ultra Clean stock pierced below the 20 and 50-day simple moving average. If the stock falls below the 200-day, then investors are at risk of further