Itron (NASDAQ: ITRI) provides metering, data collection, and utility software services worldwide. Itron has been hit hard in the past 6 months, as many investors have been avoiding the stock due to concerns that its competitive position, particularly in automated-meter infrastructure, is insecure. Since February shares have fallen 46%, dropping from $60 to under $30. I think however we have seen the bottom, when shares hit $26.40 on October 4, 2011. I have been monitoring the stock ever since to make sure it didn’t fall even more and I have come to the conclusion that $30 has become a support level that shares won’t fall below again. While the stock’s past performance has been nothing to showcase I believe the potential is something we should showcase.