Edison Nation Inc (NASDAQ: $EDNT ) is a particularly interesting name to put on the radar right now. The stock is finally sitting above its 50-day moving average for an extended period, with the MA now moving with an upward-sloped bias. The downtrend that placed the stock at such an undervalued price point has been broken. And the basing process has been underway for some time. In other words, the rhythm of the action in the stock has been changing, with support and bottom-building now dominating the past three months against the declines that shaped this deep value during the year prior to that.
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