Rubicon Bounces On Positive Analyst Comments

LED stocks have struggled lately as disappointing earnings reports and lukewarm analyst comments have plagued the sector, leading the LED Stocks Index to a decline of almost 6% over the past month, but LED bulls are seeing some relief with the Index moving higher by 1.8%. Rubicon Technology (RBCN) is helping lead the charge with a gain of 5% after JPMorgan said Wall Street has become too bearish on the stock regarding LED wafer pricing and supply concerns.