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Tickeron AI shows that this price move may be construed as a buy signal. A buy signal is indicated by this change in price, due to the trend repositioning higher. In 3 of 3 cases where ULBI's 50-day Moving Average crossed above its 200-day Moving Average, its price rose further within the subsequent month. The odds of a continued Uptrend are 90%.
I originally bought a small position in this stock around $7.50 as price was breaking out of a short consolidation pattern in early 2018. Price had previously made quick tops around that level in late 2010 and late 2015, so I thought the consolidation was encouraging and price broke out nicely from that level. I failed to sell however, thinking there was more in...
ULBI: Ultralife Corporation 2019-06-20 09:58:56 Ultralife Receives $10 Million Communications Systems IDIQ Contract - GlobeNewswire
ULBI: Ultralife Corporation 2018-10-24 16:15:00 Ultralife Receives $9.5 Million Communications Systems IDIQ Contract