Weekly Comments – October 9, 2017 – ABM, AGX, DAR, IRBT, WATT

ABM – Technical developments.  While there has been no news or recent press coverage from ABM Industries during recent weeks, the stock has stage a remarkable recovery over the past two weeks.  We believe the price movement as been as much a…

AGX  –  Technical developments.  There was precious little fundamental news in the previous trading week, nonetheless the stocks of several companies registered interesting price movement.  Shares of Argan have to be included in this category.  The…

DAR  –  Technical developments.  In the final day of trading last week shares of Darling Ingredients gapped down and ultimately closed lower on the day.  While the shares closed above it, the stock momentarily fell through a line of price support at the $16.00…

IRBT  –  Technical developments.  Last week iRobot completed the acquisition of one of its distributors in Europe, Robopolis SAS.  The Company is paying $141 million in cash for the operation, which generates as much as half of iRobot’s European, Middle East…

WATT  –  Technical developments.  Last week shares of Energous continued the climb higher in a trend that become a month ago.   The shares closed higher in each trading day, suggesting that the bullish view was in full control of trading the entire week.  The…

 

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