RE:RE:RE:RE: Avigilon Corp. Is Down Again TodayTechincals do show support between $11.20-$11.80 range. Will be interesting to see if this will bounce tomorrow or continue to ride the avalanche.
Stock is oversold but desparately needs some positive news to turn the tide. At this point the company is in front of a tidal wave of negative sentiment.
It's anybodys guess as to when the market is going to capitulate.
This is cheap stock for a fundamentally sound company with solid revenue growth and high margins. At the end of the day though the market dicates share price. Clearly people are not convinced yet.
It's suprising if shorts do not start quickly covering now given today's SP.