Long Position on AAOI @ $20.75 on 12/26/2023 (Fundamentals)

Applied Optoelectronics, Inc. (AAOI) designs, manufactures, and sells various fiber-optic networking products worldwide.

Upward Trading ChannelIt offers optical modules, lasers, subassemblies, transmitters and transceivers, and turn-key equipment, as well as headend, node, and distribution equipment.

The company sells its products to internet data center operators, cable television and telecom equipment manufacturers, and internet service providers through its direct and indirect sales channels.

Applied Optoelectronics, Inc. was incorporated in 1997 and is headquartered in Sugar Land, Texas.

This stock should see an increase in share prices due to the announcement that its subsidiary Global Holdings, Inc. filed patent infringement suits against CreaLights.

Entry Point: $20.75

Trading Range: $1.60 - $24.08

Stop Loss: $19.75

Target Price: $22.80

Position closed on 12/26/2023 at price of $23.60 with a 13.73% gain in 0 days.

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