Thursday, August 03, 2017 1:15:04 PM
Rising 200dma on both the daily chart & weekly chart at 23.05 should provide very strong support here. RSI on daily chart is very oversold right now at 27.4. This selloff seems like it's reached overkill level, unwarranted on just 10% dilution and the $20M payoff of Numerex's debt. SWIR ceo is very bullish on synergies with this deal, even if earnings from Numerex won't be accretive for another 18 months or so (assuming deal holds).
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