CDMO 50-day MA moved above its 200-day MA on June 29, 2020

NASDAQ:CDMO   Avid Bioservices, Inc
Tickeron AI shows that the 50-day Moving Average crossing above its 200-day Moving Average indicates a buy signal, due to the trend repositioning higher. In 4 of 4 cases where CDMO's 50-day Moving Average crossed above its 200-day Moving Average, its price rose further within the subsequent month. The odds of a continued Uptrend are 90%.