Technology and growth stocks have been attracting some oversold buying, but 82% of Nasdaq stocks remain below their 200-day moving average and are battling to hold.
There are plenty of contrarian opportunities emerging for stock investors who are willing to accept volatility. That’s the case with Allied Motion Technologies, Inc. (NASDAQ:AMOT), down by 47% from its high, which was set in November 2021.
The scale of the selling of Allied Motion Technologies stock has been unjustified, given the company’s strong fundamentals and valuation.
AMOT Stock Worth a Look at Low Valuation
The post Allied Motion Technologies Stock: Cheap Industrial Play Can Double appeared first on Profit Confidential.