CDMO 50-day MA moved above its 200-day MA on June 29, 2020

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Avid Bioservices, Inc. (NASDAQ:CDMO)

NASDAQ:CDMO Avid Bioservices, Inc.

Tickeron AI shows that the 50-day Moving Average crossing above its 200-day Moving Average indicates a buy signal, due to the trend repositioning higher. In 4 of 4 cases where CDMO's 50-day Moving Average crossed above its 200-day Moving Average, its price rose further within the subsequent month. The odds of a continued Uptrend are 90%.

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