Friday, March 4, 2016

Ambarella: Back To The Lows

Ambarella guided down FQ1 numbers due to ongoing weakness at a key customer.
The chip supplier continues to participate in growth in new camera markets.
The stock is likely to retest recent lows providing the ultimate buying opportunity prior to a rebound in the sports camera market.
As with most speculative stocks this year, Ambarella (NASDAQ:AMBA) traded to new lows in February before a big rally the last couple of weeks. The rally isn't likely to last following FQ1 guidance issued with the FQ4 earnings report.
 Read the full article at Seeking Alpha.

 Disclosure: No positions mentioned. please read the disclaimer page for more details.

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