Cognex Corp. - Machine Vision Specialist (CGNX)

[TFMG]

Cognex needs to give investors some clarity on CFO.

Cognex is the leading Machine-vision learning provider and has delivered record growth, revenue, income,and earnings per share in the last 3 years. This is not enough for investors lately given the announcement that the CFO will be departing in May 2019. Having only worked at the company for 2 years this will surely be a topic for discussion on the earnings call on the 29Th April. We will wait and see how the market reacts on Tuesday before taking a small position, which may well be a short, given the bearish divergences on the chart. Support exists at $49 and resistance at $59