AVGR has been in an uptrend since this early January due to positive news regarding an announcement. The current float is 23.40M, and this has the potential to be a continuation trade come next week on monday. You can watch my full video review for $AVGR by using the link in my signature description!
AVGR has received 501k clearance by the FDA for its Pantheris device. AVGR opened today with very strong volume over 5mln shares traded in first 5 minutes of the day. There is a large gap to fill on the daily chart from $1.88 to $2.58. Bullish on news.
AVGR seems forming a fallen angel formation. It had a huge surge in volume recently. As a Speculative long setup it has good upside potential.
* Trade Criteria *
Date First Found- June 19, 2017
Pattern/Why- Fallen angel formation
Entry Target Criteria- Break of $0.53
Exit Target Criteria- $1.23
Stop Loss Criteria- $0.39
Please check back for Trade...
AVGR had a huge gap down followed by a sharp down trend holding below EMA lines. But recently it crossed above EMA lines. It also had some insider buying after the stock declined. We think it will go up from here.
You can check our detailed analysis on AVGR in the trading room/ Executive summary link here-