OmniVision (OVTI) has lost some of Apple (AAPL) business.OmniVision manufactures image sensors for cameras.
OmniVision has reduced the revenue guidance to $212 – $217 million. Previous guidance from OmniVision was for $255 to $275 million.
The stock is likely to see further tax loss selling. On a big spike down, OmniVision may be bought to profit from the January effect.
If and when six screens of the ZYX Change Method are satisfied, we will issue a buy signal on the Real Time Feed of the ZYX Buy Change Alert.
