These three companies, Alvarion Ltd (NASDAQ: ALVR), EMCORE Corporation (NASDAQ: EMKR), and Identive Group Inc (NASDAQ: INVE) have all had small dips recently and are worth looking at as ‘Attractive’ investments with ‘Affordable’ entry level prices for new buyers.
At EMCORE, the maker of semiconductor products, the stock has recently surged from $2.05 in late June to over $3.05, a gain of 46.78% in three weeks. Great. But if you missed the surge, the stock has drifted back to its current $2.89, a dip of 5.25% and that could be signal, amidst some normal profit taking on the surge, for new buyers to ‘get in’ while the ‘getting’ is good.
Same goes at Alvarion. The shares slid from $2.60 at the beginning of the year to $1.20 in mid June before a surge took place, carrying the stock back to $1.66 at the beginning of this month. After some normal profit taking, the stock has virtually no short sellers, the shares are currently trading in the $1.47 range, a dip of 11% off the surge which could be interpreted as a buy signal.
And the dip at Identive Group has all the markings of a stock trying to find a new bottom. After a drop in valuation from $3.50 to $2.50 in May, the stock flattened out on that price line for the following eight weeks and then drifted down to its current $2.03 price. If this is its new bottom, the radio frequency ID company could be posturing for a break out: Upwards. Really worth a look-see.
I haven’t, don’t, and do not intend on holding any of the companies mentioned in this article.