Stock price when the opinion was issued
Produces LED lights for commercial and industrialized businesses. Has fallen down quite a bit and is currently at its support level. On small companies like this, technicals and seasonality do not have the same impact. Technically this is in a trading range and is not a stock he would be stepping into. He would be especially concerned if it fell below its low of last November of around $13. Wait until the fall before looking at this.
In a good regulatory environment where everybody is moving to LEDs. They don’t make them, but they install them. This is an early chart, so it is difficult to find a formation, but it does look very bullish right now. When they start coming out with earnings in Q3, he expects there will be other people coming into Buy. He would use an Exit point of $19 and start Reducing at $20