$AVID Long. If I showed you this chart, would you buy it?

NASDAQ:AVID   Avid Technology, Inc
AVID: digital workstation developer, recording and monitoring board manufacturer, cloud services provider, one of my favourite companies. It has found itself in a very positive situation with COVID. Decent amount of cashflow , more people working from home: meaning more people also recording from home. The monthly subscription to their Pro Tools software couldn't have been brought forth at a better time, rolling out this service whilst we still used USB key-based hardware to unlock their digital workstations.

Looking at the chart, it looks like it's running before earnings on a very bullish upwards trend. Despite insiders selling, their stock has never looked better and they're positioned to postpositive earnings and guidance.


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.