Strong Buy On Veritone On Technicals

 | Feb 06, 2018 02:24PM ET

Artificial intelligence small cap Veritone (NASDAQ:VERI) hit major support today at $14. The stock traded as high as $75 on artificial intelligence hype and now represents an extremely good risk/reward buy into this technical chart support (seen in the chart below).

Expect a surge back to $21, a 50% gain from here. This is a momentum play that now actually shows good technical signals as well as fundamental growth and valuation.