This Tech Stock Flashes Big Upside

 | Mar 27, 2018 01:15PM ET

Shares of Applied Optoelectronics (NASDAQ:AAOI) tagged a major gap-fill from 2017 yesterday at $23.50. This level is probably the biggest technical support on the chart in recent history and likely a near-term major bottom. The stock has fallen from over $100, down 75% from its 2017 highs. A classic technical retrace has Applied jumping back up to $35, a 50% upside move.