TradingView
Click-Capital
Dec 1, 2021 10:07 PM

$IRBT Growing Fast and Technically Oversold Long

iRobot CorporationNASDAQ

Description

iRobot makes robotic applications primarily for residential household use, like vacuums and pool cleaners. The company has a steady upward trajectory with revenue growing on average 20% per annum for the past several years. However today, the stock has been beaten down 3.75% on below average volume. It's currently under the lower Buy Sell Band with a RSI of 13 and range indicators showing price is in a non-trending mode, with 12.68% upside to the 50 day MA now looks like a good long play.
Comments
alessandro_pontes
We are in
SabahEquityResearch
yeah very possible . but first lets wait for clear impulse and then start buying
Click-Capital
@CountLikeWallStreet, Fair enough, I'm a mean reversion trader so I like to buy on lows and tolerate the drawdown as to capture the full move back to the mean.
More