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...
Related News : "Bad decisions, bad luck, and then increased demand" has led to a global semiconductor shortage, with the bad luck being the covid 19 pandemic closing down the only factories that made chips, and the increased demand being bored children who want a new iPhone 12 to pass time during quarantine.
How iRobot is Affected : iRobot needs semiconductors...
We had our last cup and handle on the month chart and the continuation of the rise was stopped by COVID. Now we are in our second cup and handle. This handle is huge. I believe that this stock can finally see new ground....unless robot vacuums are unfriendly to the environment...haha :) We are going to continue up for a bit but watch for a pullback.
So I love the company "IROBOT" symbol IRBT. They have incredible Revenues and Profits. They have the coolest toys to clean your home and more. On this post with so many earnings they have only missed -----7----- times. Holly crap why does the chart look like a damn roller coaster at Six Flags then? Most all of those misses were not in the past 10 years. For one...
Nice break above previous resistance; earnings next week. Looking for a move to 100 pre earnings and another 20 within a week after. if you wanted out of this name, you got out in the previous month or so. path of least resistance looks upward.
iRobot Corporation is an American advanced technology company founded in 1990 by three MIT graduates who designed robots for space exploration and military defense. Incorporated in Delaware, the company designs and builds consumer robots for inside and outside of the home, including a range of autonomous home vacuum cleaners (Roomba), floor moppers (Braava), and...
