Modus777

$AVID Yearly breakout

Long
NASDAQ:AVID   Avid Technology, Inc
AVID is at the breakout level from 2008's highs, ready to test the waters above. Some important price levels above that will have to be reached in order to continue higher towards all time highs. This impulsive move from earnings calls for a decent pull-back before continuing higher. If there's a re-test of the previous weekly highs at 24, then they should hold in order to confirm this long bias. Overall it's looking good to continue higher, and any pull-back should be bought if the 30 price range holds on the weekly timeframe .