Thursday, February 08, 2018 12:53:40 PM
Shares of iRobot Corporation (NASDAQ:IRBT) are falling after the company did not perform up to Wall Street's expectations. This fall is more like a major collapse with the stock down 30% on the day. On a technical basis, iRobot Corp broke the pivot lows from October and December 2017. This is extremely bearish for the stock as it means the next leg lower has started. Based on the technical weakness in the market and the pivot low break, I am looking for an ultimate major target of $44.00. With the stock currently near $60, it means there is likely quite of bit of downside to go, even another 30%+. However, if we are entering a bear market, that is not even a hard thing to achieve on most high flying tech stocks. I will be looking to accumulate at $44.00.
Gareth Soloway
InTheMoneyStocks
Recent IRBT News
- iRobot Corporation Class Action: The Gross Law Firm Reminds iRobot Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of May 7, 2024 - IRBT • PR Newswire (US) • 05/03/2024 09:45:00 AM
- The Gross Law Firm Notifies Shareholders of iRobot Corporation(IRBT) of a Class Action Lawsuit and an Upcoming Deadline • PR Newswire (US) • 04/26/2024 09:45:00 AM
- iRobot Schedules First-Quarter 2024 Conference Call for May 8 • PR Newswire (US) • 04/25/2024 08:01:00 PM
- Class Action Filed Against iRobot Corporation (IRBT) Seeking Recovery for Investors - Contact The Gross Law Firm • PR Newswire (US) • 04/19/2024 09:45:00 AM
- Class Action Filed Against iRobot Corporation (IRBT) Seeking Recovery for Investors - Contact The Gross Law Firm • PR Newswire (US) • 04/16/2024 09:45:00 AM
- The Gross Law Firm Announces the Filing of a Securities Class Action on Behalf of iRobot Corporation(IRBT) Shareholders • PR Newswire (US) • 04/12/2024 09:45:00 AM
- iRobot Corporation Sued for Securities Law Violations - Contact The Gross Law Firm Before May 7, 2024 to Discuss Your Rights - IRBT • PR Newswire (US) • 04/09/2024 09:45:00 AM
- Shareholders that lost money on iRobot Corporation(IRBT) should contact The GROSS Law Firm about pending Class Action - IRBT • PR Newswire (US) • 04/05/2024 09:45:00 AM
- iRobot Introduces $275 Roomba Combo® Essential Robot, Letting More Customers Enjoy Simple, Affordable and Powerful 2-in-1 Cleaning • PR Newswire (US) • 04/04/2024 12:00:00 PM
- Shareholders of iRobot Corporation Should Contact The Gross Law Firm Before May 7, 2024 to Discuss Your Rights - IRBT • PR Newswire (US) • 04/02/2024 09:45:00 AM
- Class Action Filed Against iRobot Corporation (IRBT) Seeking Recovery for Investors - Contact The Gross Law Firm • PR Newswire (US) • 03/29/2024 09:45:00 AM
- Class Action Filed Against iRobot Corporation (IRBT) Seeking Recovery for Investors - Contact The Gross Law Firm • PR Newswire (US) • 03/26/2024 09:45:00 AM
- Shareholders of iRobot Corporation Should Contact The Gross Law Firm Before May 7, 2024 to Discuss Your Rights - IRBT • PR Newswire (US) • 03/22/2024 09:45:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/11/2024 08:37:04 PM
- iRobot Provides First Quarter 2024 Financial Expectations and Reiterates 2024 Financial Outlook • PR Newswire (US) • 03/11/2024 08:05:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/08/2024 09:13:36 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/08/2024 09:13:10 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/08/2024 09:11:23 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/08/2024 09:10:45 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/08/2024 09:10:16 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/08/2024 09:09:38 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/08/2024 09:08:46 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/08/2024 09:08:14 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/02/2024 01:50:01 AM
- Super Micro Computer and Deckers Outdoor Set to Join S&P 500; Others to Join S&P 100, S&P MidCap 400 and S&P SmallCap 600 • PR Newswire (US) • 03/01/2024 11:47:00 PM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
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Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM