CDMO Stock Avid Bioservices (CDMO, $7.49) Aroon Indicator entered a Downtrend on June 17, 2024.

A.I.dvisor
at Tickeron.com
06/18/24
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CDMO - Avid Bioservices
Aroon signal
Bearish Trend
Odds of DOWN Trend
Aroon signal
Price: $7.49
Daily change: +$0.41 (+5.72%)
Daily volume: 836.4K
Industry: Biotechnology
For the last three days, A.I.dvisor has detected that CDMO's AroonDown red line is above 70 while the AroonUp green line is below 30 for three straight days. This move could indicate a strong downtrend ahead for CDMO, and traders may view it as a Sell signal for the next month. Traders may consider selling the stock or exploring put options. A.I.dvisor backtested this indicator and found 182 similar cases, of which were successful. Based on this data, the odds of success are
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

Engages in the developing and manufacturing of monoclonal antibody therapeutics

Industry Biotechnology

Profile
Fundamentals
Details
Industry
Medical Specialties
Address
14191 Myford Road
Phone
+1 714 508-6100
Employees
365
Web
https://www.avidbio.com