UMS

UMS on the trot after breaking out of ascending triangle at $0.435. Prospects for this stock is closely tied to key customer Applied Materials, which is the world's largest semiconductor equipment maker, which contributes >50% of UMS revenue The sales performance of AMAT typically leads UMS by one quarter. For 3Q10, AMAT achieved a 122% yoy and 10% qoq jump in revenue, and is guiding for a 85% revenue growth this FY, which should underpin sales at UMS in the coming quarters.