Take a look at this chart of ShotSpotter [SSTI]. The stock tumbled from its highs in late may, and has found support around its current levels. Currently, it's trading with relatively low volatility in a strict range. Today, it tested resistance around $30 and the situation currently looks bullish. This is a significant valuation level as it reflects the market pricing in the company's new customer acquisitions. Further, SSTI recently executed a share repurchase program late 2019. Please take a look at my previous posts to gain context on the stock, available for free here: If shareholders react positively to a $30 valuation, I expect to see the price move easily to $33, where I'll look to take profits.
This is a short to medium-term trade. -------------------------------- This is not an investment recommendation and the author of this post does not have a material interest in the mentioned securities at the time of its publication.