Caution! High volatility stock (5-7% volatility daily).
Buy IRBT at the levels of $49-$52 (Avg price of $50,5). Take @ $60 ((+18,8%) Stop @ $46,6 (-7,7%)
The price is at it's 52w lows. Very cheap to buy If the price slumps below 47, it is better to fix a loss due to high volatility of the stock.
Trade closed: stop reached
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Fortunatelly the stop was reached. Due to coronavirus impact this trade is should be closed, and not reopened, because at that days it is better to focus on safe heaven assets and blue-chips companies.
Nice chart. Earnings coming. Drop below $39 coming. Gd luck
Dolmatin1919
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@Chartguru1, r u sure it will slump so much at the earnings? I think that bad news already in the price
Chartguru1
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@Dolmatin1919, yes because short attack. Earnings will be strong. Guidance weak....I say $38 is next stop. They will push this thing down. Not saying it’s not a good buy there. Just be careful when everyone sees that the worst is behind us....surprise! Just watch....