The stock has been declining since November 2021. I see its downside target as an uptrend line with the price at $56.7. There I would consider buying, as the stop will be small, with the subsequent growth to the level of $69 At the moment, the 100W EMA provides support. My opinion is to put it in the WatchList.
Not Trading or Investment Advice!!! My breakout algo issued a buy signal on 6/5. Buy at 50.27 Wait for update on exit price Risk control: use 3% of portfolio capital
May-08-20 08:47AM AtriCure Announces Results from CONVERGE IDE Clinical Trial Business Wire +7.70%
Historically, $22.50 is a very significant level for ATRC. It was former resistance at the beginning of 2014 and end of 2015, and is currently support for the current rally upward. We have already bounced off that level and the most likely outcome is the trend continuing upward to a target of $26.32. Here's the trade: Buy: $23.45 Stop: $22.50 Target: $26.32