AAOI – Applied Optoelectronics, Inc.
With strong earnings and forecast AAOI has broken into an all time high territory. This can continue to trend higher but we may see some profit takers early next week that can push the price down. I took a short scalp trade late afternoon on Friday last week from high $48 and covered at low $48. This stock would definitely make 5% - 9% move on Monday so worth to put on a watch.
With strong earnings and forecast AAOI has broken into an all time high territory. This can continue to trend higher but we may see some profit takers early next week that can push the price down. I took a short scalp trade late afternoon on Friday last week from high $48 and covered at low $48. This stock would definitely make 5% - 9% move on Monday so worth to put on a watch.
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