Shares of Neonode (NEON) Tap 52-Week High; Touch Screen Possibilities

Shares of Neonode (Nasdaq: NEON) tapped a new 52-wk high today, moving up as far as $7.40, before coming back down to $7.05, which is still up $0.55 (+8.46%). The stock is trading on strong volume.

NEON, headquartered in Stockholm Sweden, provides optical infrared touch screen solutions for handheld and small to midsized consumer and industrial electronic devices in Sweden and internationally.

There is no specific news releases today, but the stock has been on the move over the past month, and a May 30, 2012 article from StreetInsider may explain why this small cap has been up lately:

Neonode (NEON) Soars as Its Patents Could Help Samsung Defeat Apple (Nasdaq: AAPL).

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