Photon Dynamics Inc

For today's chart we've chosen to take a look at Photon Dynamics Inc. (Nasdaq:PHTN) because the bears sent the price below the influential support of $10.15. As you can see from the chart below, today's sharp sell off has caused the stock to create a new 52-week low, which we believe could signal further weakness in the stock. We'll remain bearish on the stock until the price closes back above the horizontal resistance.