iRobot – IRBT Stalk Candidate
29 April 2016
iRobot (IRBT Stalk Candidate) may figuratively (and literally) be the wave of the future…
Trade Strategy for IRBT Stalk Candidate
I’m not a big fan of “buying the break.” Use a pullback toward support/previous resistance ($34 to $36) for an entry. The ellipse shows an optimal (if unlikely) area (between $34 and $34.50 for a nice tight risk entry if it gets there… I would use an initial stop just below $30 and an ultimate stop (meaning you no longer look for long setups) around $28.
iRobot Corp. engages in the business of designing and building robots. It develops proprietary technology incorporating advanced concepts in navigation, mobility, manipulation and artificial intelligence to build robots. The company operates through two segments: Home Robots and Defense & Security Robots. The Home Robots segment includes mobile robots that are used in the maintenance of domestic households. The Defense & Security Robots segment includes robots that are used for reconnaissance and bomb disposal missions.
- 52 Week Hi: $38.54
- 52 Week Lo: $27.55
- EPS: $1.44
- PE Ratio: $25.07
- Market Cap: $1.07 Billion
Profile and metrics via Seeking Alpha