Novanta Inc. (NOVT)

Novanta Inc. is trading at $134.47, down 3.91% on the session. The 50 day average sits at $145.43 and the 200 day at $141.45, which puts the stock in a uptrend. RSI is at 39.3, which reads as weak, and MACD is bearish crossover. Volume is below average.

The nearest support is around $130.67 with resistance near $146.00, so that band frames the current range. Average daily movement is roughly $6.38, or about 4.7% of the share price, which is what any stop placement has to allow for. The overall health score of 37 out of 100 combines a trend score of 33, momentum of 31 and a risk score of 50.

Novanta Inc., together with its subsidiaries, provides precision medicine, precision manufacturing, medical solutions, robotics and automation solutions, and advanced surgery solutions in the United States and internationally. The company operates Automation Enabling Technologies and Medical Solutions segments. The Precision Medicine and Manufacturing segment designs, manufactures, and markets laser beam steering and scanning solutions, laser sources, robotic and precision motion, robotic end-of-arm tooling, and bearing spindles. This segment serves advanced industrial processes, advanced industrial and medical robotics, other medical and life science automation applications, and medical laser procedures, such as ophthalmology applications. The Medical Solutions segment provides a range of medical grade technologies, including medical insufflators, pumps, and related disposables; imaging, identification and RFID solutions; advanced motion control solutions; and light engines, and integrated operating room technologies. The company was formerly known as GSI Group, Inc. and changed its name to Novanta Inc. in May 2016. Novanta Inc. was incorporated in 1968 and is based in Bedford, Massachusetts.