StoSto
Long

Avigilon: Bounce off support & oversold RSI

TSX:AVO   AVIGILON CORPORATION
141 0 1
Avigilon fell in early May due to a CFO             departure that occurred the day before earnings . Earnings were still positive and beat all expectations but investors were spooked sending the stock down over 25%. Avigilon rallied back towards previous highs but ran into trouble with the most recent quarterly release that were reported after hours on the 7th. Revenue was strong but profits were below the median analyst estimate. As a result the stock fell 15% that day and continued to drop throughout the next week of trading. It recently appears to have bottomed at $18 like it did in May. We have the stock bouncing off the support level and the RSI giving an oversold indicator. I like the company fundamentally and believe this is a time to load up on shares.

I have a short term trading target of $25.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out