Allegro Microsystems had a rough day and is now down -6.13%. Investors weren't too impressed with the future outlook for the asset which caused some selling on weak demand.
Allegro Microsystems doesn't seem to be at a very clear reversal point in either direction. Allegro Microsystems has been drifting up over the last few months, we'll see if it has the energy to keep moving in the right direction. ALGM might find some support at the 33.645 level, buyers might push the price back up from here. But it's not very clear what will happen.
