$AD8 - AUDINATE GROUP - Smashing old highs

Performing well with some nice volume behind it. Closed at $5.09. Has some good market depth on the buy side behind it so I think we will see it continue up. Worth a watch.

Audinate Group Limited is an Australia-based provider of professional audio networking technologies globally. The Company is engaged in developing both software and hardware to facilitate the delivery and management of audio over information technology (IT) networks, which improves audio quality, equipment interoperability and system flexibility. Its Dante solution is an uncompressed, multi-channel digital media networking technology, with near-zero latency and synchronization. Its products include Dante Analog Output Module, Dante Broadway, Dante Brooklyn II, Dante Brooklyn II PDK, Dante Controller, Dante Domain Manager, Dante HC, Dante PCIe-R Soundcard, Dante Ultimo, Dante Ultimo Product Development Kit (PDK), Dante Via, Dante Virtual Soundcard and Dante-MY16-AUD2. The Dante Analog Output Module is a Dante audio to analog audio adapter module, supporting one RJ45 Dante input, and one or two balanced analog outputs.

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Been having a great run now up over 100% since the start of the year and around 50% from my entry. Has stayed within the 15% trailing sell limits pretty reliably so not too much volatility which is good. Topped up last week on a bit of weakness. Hopefully will continue.

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AD8 has had such a good run. It's been rejected twice at $8.66 and now down around 10% off its previous high so will hopefully recover and start to climb again. Keeping an eye on it.

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Good chance of a run.

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Made it to $9.21 before a bit of a pullback. Could be another good top up / entry area.

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AD8 challenging that $9 mark again. Will third time be the charm to breakout?

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Could be of interest

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AD8 is back up around 150% off its lows, and still has around 45% in it to get back to previous highs. Worth a look.