$IRBT Growing Fast and Technically Oversold

1 בדצמ׳ 2021

iRobot makes robotic applications primarily for residential household use, like vacuums and pool cleaners. The company has a steady upward trajectory with revenue growing on average 20% per annum for the past several years. However today, the stock has been beaten down 3.75% on below average volume. It's currently under the lower Buy Sell Band with a RSI of 13 and range indicators showing price is in a non-trending mode, with 12.68% upside to the 50 day MA now looks like a good long play.