Avid Bioservices, Inc. (NASDAQ:CDMOP) Jumped Up 1.6%, But Why?

After completing its last trading session, Avid Bioservices, Inc. (NASDAQ:CDMOP) spiked up by 1.6% – here is what that looked like (as of 2019-12-11):

Why are these moves happning?? To grasp this action better, it is helpful to analyze some technical indicators. As we see it, you should pay the most attention to the following:

A Money Flow Index (MFI) of 32.658, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of -100.0, a Moving Average Convergence Divergence (MACD) of -0.004, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.258, an Accumulation/Distribution Index (ADI) of 0.258, an On-Balance Volume (OBV) of 126.868, and a Chaiikin Money Flow (CMF) of -26.6. 1.519

Now let’s plug these indicators in. Consulting Trading View, putting it all together gets the following:

That is what an analysis of technical indicators seems to indicate for Avid Bioservices, Inc. (NASDAQ:CDMOP). And finally, make sure to DO YOUR OWN RESEARCH! Take the above with a grain of salt, and do your own research.

Becky Steen

My name is Becky Steen, I am a technology writer who has been writing for this website for the past 4 months. You can contact me and ask me anything about science and technology. I especially like researching new gadgets. Most recently, at the request of many of our readers, I have started providing technical stock analysis news.

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Becky Steen

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