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Buyable Gap Up - LITE 5-5-17

Published : May 5 2017 at 13:13 ET

Optical communications and photonic product maker LITE had a gap up yesterday on a strong earnings report. It then closed in the lower half of its trading range. Apple's iPhone 8 smartphone will include a 3D-sensing module to enable augmented-reality applications. I would therefore imagine that Android type phones as well as other devices, none of which are not as far along as the iPhone 8 in this regard, would start to include such modules. It has been suggested therefore that LITE is in an excellent position to win some major contracts.


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