Thursday, February 22, 2018 1:31:45 PM
Shares of Applied Optoelectronics Inc (NASDAQ:AAOI) are collapsing today after the company reported earnings and guidance below Wall Street's expectations. The stock collapsed more 20%, to the mid-$26's. As a swing trader, I am finding major support at $22.80. This is a gap fill and a technical monster support. In addition, the stock is down from its 52 week high of $103.41. This places the stock in a long-term oversold condition. Once the major technical target of $22.80 is reached, Applied Optoelectronics should snap back to $30 or higher.
Gareth Soloway
InTheMoneyStocks
Recent AAOI News
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Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
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Moon Equity Holdings, Corp. Announces Acquisition of Wikolo, Inc. • MONI • May 7, 2024 9:48 AM
