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Investors Keen on a Bargain are Looking at ION Geophysical Corporation (NYSE:IO)

ION Geophysical Corporation (NYSE:IO) moved -0.09% from the recent close and currently pricing at $11.28.  There has been some talk amongst investors regarding this name and is on many “cheap” stock watchlists.  Cheap that is in terms of price, but what about value?

It is no secret that most investors have the best of intentions when diving into the equity markets. Making sound, informed decisions can help the investor make the most progress when dealing with the markets. Often times, investors may think they have everything in order, but they still come out on the losing end. Investors may need to figure out ways to keep emotion out of stock picking. Sometimes trading on emotions can lead to poor results. Making hasty decisions and not paying attention to the correct data can lead to poor performing portfolios in the long-term.

Based on recent analysis, ION Geophysical Corporation (NYSE:IO) shares have been seen trading -10.76% off of the 50-day peak and 149.01% away from the 50-day bottom. In terms of the stock price in relation to its moving averages, company shares are 18.91% away from the 20-day moving average and 41.26% off of the 50-day average. If we take a longer approach, shares have been trading -31.84% away from the 200-day moving average.

Investors looking to chalk up healthy returns in the stock market may need to pay attention to avoid common pitfalls. When the good times are rolling, investors may be highly tempted to move a lot of money into certain stocks that have been churning out returns. One problem with this approach is that a stock that has been hot for a few months might not be hot over the next three months. It is always important to remember that past performance does not guarantee future results. Getting into a stock too late may leave the average investor pounding the table as a former winner turns into a current loser. 

Over the last year, ION Geophysical Corporation (NYSE:IO)’s stock has performed
-43.55%. For the last six months, the stock has performed -29.66%. From the start of the calendar year, shares have been 117.95%. Zooming in closer, company stock has been 13.47% for the quarter, 13.13% over the past month, and 23.93% over the past week.

Investors might be looking into the magic eight ball trying to project where the stock market will be heading over the next few months. Some analysts believe that the market is ready to take a bearish turn, but others believe that there is still room for stocks to shoot higher. When the markets do have a sell-off, investors may be tempted to sell winners before they give up previous profits. Sometimes this may be justified, but other times this type of panic selling can cause investors to just have to repurchase shares at a higher price after the recovery. Keeping tabs on the underlying company fundamental data can help provide the investor with a better idea of whether to hold on to a stock or let it go. 

Disclaimer: The views, opinions, and information expressed in this article are those of the authors and do not necessarily reflect the official policy or position of any company stakeholders, financial professionals, or analysts. Examples of analysis performed within this article are only examples. They should not be utilized to make stock portfolio or financial decisions as they are based only on limited and open source information. Assumptions made within the analysis are not reflective of the position of any analysts or financial professionals.

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