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Shares Of Applied Optoelectronics (AAOI) Near Key Bounce Level

Published 09/06/2017, 12:38 AM
Updated 07/09/2023, 06:31 AM
AAOI
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Shares of tech growth stock Applied Optoelectronics (NASDAQ:AAOI) are nearing the daily 200 moving average at $51.00. Just two months ago Applied Optoelectronics was trading above $100.00. This means it will be a 50% haircut. I believe investors can buy Applied Optoelectronics at the daily 200 moving average for a swing trade bounce for at least 10%. I personally plan to buy anywhere between $50-$51.

AAOI Daily Chart

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