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home / news releases / ACMR - ACM Research Is Stuck In A Downtrend

ACMR - ACM Research Is Stuck In A Downtrend

ACM Research Inc.
  • ACM Research got hit hard by COVID-19 lockdowns in Q1, although it is confident the damage can be repaired in subsequent quarters.
  • ACMR held up fairly well until two forces combined to take down the stock, a situation the charts suggest is likely to continue.
  • The company used to trade at lofty valuations once upon a time, but it now trades at multiples that are far more reasonable than in the past.
  • ACMR could soar higher with the current setup, but only if it manages to solve the issues that are giving it problems.

For further details see:

ACM Research Is Stuck In A Downtrend
Stock Information
Company Name: ACM Research Inc.
Stock Symbol: ACMR
Market: NASDAQ
Website: acmrcsh.com
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