exactly, nice set up breaking 200 day moving average today at the close. Could see a big pop on open tomorrow. With annual meeting coming up in early may could see some nice upward spike happen between now and meeting in May
2.89 is breakout level, with annual meeting in early May, it is setting up for a big move up. 1st quarter should show signs of turnaround that is in progress here. Back to 5 to 6 first step up if buyout doesn't happen by a smart competitor wanting to grab a cheap asset.
With smart cars-hands free driving, just starting to really take off, there will need to be massive investment in infrastructure from producers like ISNS. Iteris last quarter earnings showed some strong growth patterns in the business and with their 20 million + in cash they could easily make a bid for ISNS while it is cheap to gain 50% market share in a market that is about to explode upward. The high volume spikes and runs in ISNS is someone acquiring stock, would not surprise me that there are a few interested buyers here.
looking for sales / earnings numbers coming out to show more improvement and strong likelihood of a merger here with the compeitor to control 50% of the market and cut costs dramatically as a combined company.
lets see if it retakes 200 day moving average at 2.91
otherwise why would he resign..
sorry muppet but the tide turned on this company, will see it heading up strongly with new management changes and likely will merge with one of the competitors soon as cost savings are huge in this industry to do it.
these high volume surges is someone acquiring large stake in company getting ready to make their move!