Netlist Inc (NLST) Stock Makes a Bullish Move: Still a Good Buy Now?

Those who have been observing the Netlist Inc (OTCMKTS:NLST) stock in recent times must have noticed that it has emerged as one of the favourite stocks among penny stocks.

The rally in the stock continued last week as it soared by another 46% and that took its gains for the past month to a staggering 175%. The rally in the stock over this period is perhaps an indication that significant developments are perhaps on the horizon in the coming months. Hence, it might be a good move from investors to keep the stock in their watch lists at this point in time.

The big boost for the company actually came in July last year when the United States Court of Appeals upheld the decision from the United States Patent Trial and Appeal Board that confirmed the validity of the company’s patent for application in DDR server memory modules. Since then the stock has come on to the radars of many investors in a big way and it is going to be interesting to see if Netlist continues to gain in light of the fresh momentum that has been seen in the stock in recent weeks.

Market Reaction:

On Friday, NLST stock moved up 3.60% at $5.98 with more than 3.53 million shares, compared to its average volume of 1.09 million shares. The stock had moved within a range of $5.70 – 6.02 after opening the trade at $5.89. Over the past 52-week, the stock has been trading within a range of $0.42 – 6.02.