iRobot Corporation (IRBT) designs, develops, and markets robots for consumer, defense and security, telemedicine, and video collaboration markets worldwide.
The company operates in two segments, Home Robots and Defense and Security Robots.
It offers consumer products, including floor vacuuming and washing robots, floor sweeping robots, and pool and gutter cleaning robots.
The company also provides defense and security products, such as ground robots comprising 510 PackBot line of small unmanned ground robots; the small unmanned ground vehicle multi-purpose ground robots; the 110 FirstLook small, light, and throwable robot; and the 710 Warrior multi-purpose robot for carrying heavy payloads.
It markets its robots to consumers through chain stores and other national retailers, as well as through its on-line store; and to the U.S. military, and other government agencies.
Shares have formed a bullish "flag" after firm reported a strong quarterly results and guided higher. Higher share prices are expected for this stock.
52-Week Trading Range: $20.21 - $46.99
Entry Point: $45.20
Stop Loss: $42.90
Target Price: $49.72
IRBT fell below our stop loss. Position closed at $42.88.