Support Buy Level On ExOne $XONE: Bounce Coming Long

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Description

⋅ Sep 17, 2013 5:43 PM

ExOne Co (NASDAQ:XONE) has hit major support at $49.20. The stock announced a secondary public offering just last week causing the stock to tumble. The 52 week high was $78.80. The low of the day is $49.17. This should see a 10% bounce in the coming days.

Gareth Soloway
Chief Market Strategist
InTheMoneyStocks.com

Comments

motleifaul

⋅ Sep 17, 2013 6:43 PM

I don't see an important support at this level. Why didn't it stop at 52? This rather indicates a further weakness aof the stock.