Since we now have a forum to discuss specific stocks, LOUD is currently on the top of my watchlist to monitor closely early next week.
This is purely from a technical analysis perspective, but the stock is looking very strong, recovered very rapidly from what was perceived as disappointing earnings. Whenever I go "bottom fishing", I usually look to see a long downtrend, followed by flattening out, then look for rising optimism in the stock.
My only concern is the big spike in volume during Friday's trading, specifically that the stock didn't move tooooooo much in relation to volume traded. Probably a breach of resistance at $1.00?
This is purely from a technical analysis perspective, but the stock is looking very strong, recovered very rapidly from what was perceived as disappointing earnings. Whenever I go "bottom fishing", I usually look to see a long downtrend, followed by flattening out, then look for rising optimism in the stock.
My only concern is the big spike in volume during Friday's trading, specifically that the stock didn't move tooooooo much in relation to volume traded. Probably a breach of resistance at $1.00?
