Odyssey Semiconductor Technologies Inc (OTCMKTS:ODII) Stock Attempts To Bounce Back

After having struggled for some weeks, the Odyssey Semiconductor Technologies Inc (OTCMKTS:ODII) stock managed to make a bit of a comeback over the past week and clocked gains of 10%. While the recovery in the stock may have been quite strong, it should also be noted that the Odyssey Semiconductor stock is still down by as much as 15% over the course of the past month.

Market Action

On Monday, ODII stock ended flat at $1.88 with 29 shares, compared to its average volume of 5.2k shares. The stock has moved within a range of $1.8800 – 1.8800 after opening trade at $1.88.

Will Participate in the Needham 24th Annual Growth Conference, January 10, 2022

In light of such a situation, it may be a good time for investors to take a closer look at the company and figure out if it is going to continue on its path to recovery.

Yesterday, the company was in the news after it provided more information with regards to its presence at the Needham 24th Annual Growth Conference. The company had made an announcement with regards to its participation previously.

The company announced that its Chief Executive Officer and Founder Rick Brown, along with the Chairman of its Board of Directors John Edmunds were going to be the participants at the event. The event actually took place yesterday. It now remains to be seen if the recovery in the stock continues in the coming days.

Traders Note

ODII stock is trading below the 20-Day and 50-Day Moving averages of $1.96 and $2.03. Moreover, the stock is trading is the neutral zone with RSI stands at 46. The stock is up 15% over the past month.

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