Today, The Bowser Report issued a daily mover alert on LightPath Technologies (LPTH), which gained more than 10% for the day.
LPTH has trended up nicely over the past three months, but has plateaued recently. Today’s move is most likely in response to the selling that occurred on Friday, when the stock closed down 9.4%.
LPTH, now above $3 again, is no longer in buying range. However, the company is in Category 2, with a solid Bowser Rating of 9. Those with a position should continue following the Bowser Game Plan, as shares have not dropped 25% from their most recent high of $3.48. A 25% drop would be $2.61.
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