TiVo (NASDAQ: TIVO), best known for its digital video recorders (DVRs), is having its lunch absolutely devoured by on-demand services from cable companies and video streaming services from Netflix (NASDAQ: NFLX), Amazon (NASDAQ: AMZN) and Hulu.
On the chart, we see a large, irregular triple-top in place since 2013. If the neckline at $10.50 is broken, it would target a drop to $7. Given TiVo's paltry score of 34 on my metric, I think this is a likely scenario.
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