FARO shares gapped down in today's session and attempt to recover; however, through a technical point of view, shares would react to a certain point and retrace before making its next move. My estimate is at around 53.57 to 54.35. I expect to see some weakness around these areas which could present a short opportunity as marked on the 30 minutes price chart.
FARO Technologies, Inc. operates as a 3D measurement, imaging and realization technology company. It design, develop, manufacture, market and support software driven, three-dimensional measurement, imaging and realization systems.
2015 was hard for this company and price dropped from around $63 to almost $20. But now, it shows some...