Long
AVID enters Uptrend as Momentum indicator ascends above 0 level
This indicator may be signaling that AVID's price has momentum to move higher, since its current price exceeds the price logged 14 days ago. Traders may consider buying the stock or exploring call options. I backtested 76 similar cases where AVID's Momentum Indicator exceeded 0, and 66 of them led to a successful outcome. Odds of Success: 87%.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.