MicroVision (MVIS) Stock Slips Below 50-Day MA: What to do Now?

Tech firm MicroVision (NASDAQ:MVIS) has come into focus among many investors in recent times and that stock has also displayed considerable volatility over the past months.

MicroVision (MVIS) Stock Slips Below 50-Day MA: What to do Now?

In this regard, it should be noted that although the price action in the stock has been pretty wild, the company has an actual business and is currently involved in trying to become an important operator in the LIDAR tech industry. LIDAR tech is expected to be central to the potentially lucrative self-driving car industry.

Despite that, it is also important to point out that MicroVision is not the only company in this space and is going to have to compete against peers like Luminar Technologies and Velodyne Lidar. At this moment, it can be argued that volatility is the only potential positive for those who are looking into the MVIS stock. If investors can manage to ride the volatility, then it is possible to make significant gains but at the same time, it should be noted that it can be a risky proposition.

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MVIS stock closed at $13.98, below its 50-day moving average of $14.99.

Anthony Gonzales

Biotech, Tech, and Crypto reporter Anthony Gonzales brings 3 years of experience in helping grassroots, mid-sized organizations and large institutions strengthen their management and resource generating capacities and effectively plan for the future. He is also a mentor and professional advisor to artists working in all disciplines. He is the gold medalist from St. Marco University of Science and Technology in the Bachelors of Financial Management as well.