Welcome aboard Jim!
I know you have an interest in TMR so, I'll provide a little technical analysis for you.
The Stochastic is now in oversold range, below the 20 line. This is the range where you look for other signals to help confirm a bounce.
The price touched the 50 day moving average yesterday, a major level of support. With the oversold situation and the price sitting at support, this is where one would expect the price to rebound.
Since the pull back has been on light volume, that's actually bullish for the stock.
For those who don't already have a position, this is a good place to enter on a risk vs reward scenario. Buy off support and set a stop loss about 6 cents below the 50 day moving average, and you don't get hurt, with the advantage of getting some upside movement.
Price target $8.50 where another analysis is warranted.
stockcharts.com[h,a]daclyiay[pb50!b200!f][vc60][iut!Lp12,3,3!La10,30,5]&pref=G
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