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Allied Motion Technologies (AMOT) Jumped To A New High On Q4 Results

Allied Motion Technologies (AMOT) reported fourth quarter EPS of $0.01 after the bell Wednesday, compared to $0.08 in the previous year.

Allied Motion Technologies rose during the first hour of trade Thursday and took out the session highs around 1:30PM. The stock closed up by 5.71 at $37.64 with volume at over a 4-month high. Allied Motion Technologies broke out past resistance and set a new high for the year.

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