$IRBT Parabolic - Overbought at Resistance
IRBT iRobot looking extremely overbought at this point, meeting resistance near the previous all time high around $108 today. The stock's most recent move which began July 31st has become parabolic in the last week, a nearly vertical ascent - I expect the near term correction descent to be just as quick. Two possible near term targets/support levels - $101 then $94.50.Note: Informational analysis. not investment advice.
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