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AVID enters Uptrend as Momentum indicator ascends above 0 level

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NASDAQ:AVID   AVID TECHNOLOGY INC
This indicator may be signaling that AVID's price has momentum to move higher, since its current price exceeds the price logged 14 days ago. Traders may consider buying the stock or exploring call options. I backtested 76 similar cases where AVID's Momentum Indicator exceeded 0, and 66 of them led to a successful outcome. Odds of Success: 87%.

Comments

interesting, I wonder what avid and protools are doing for this up movement. I mean, they must have solid contracts on many new tv shows and movies, because as far as music production goes, not too many bands are in a rush to make an album if they can't tour on it due to pandemic, plus, there is logic x pro. ableton live, reaper, and few other DAWs that people prefer over protools anyways.
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