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Barchart
Wajeeh Khan

Astera Labs Plunges Below Key Support Levels. Should You Buy the Dip in ALAB Stock?

ALAB Astera Labs Amazon

Astera Labs (ALAB) reported a strong Q4 and issued encouraging guidance on Wednesday. Shares still crashed over 20% as the company confirmed it has issued new warrants for Amazon (AMZN). 

The selloff on Feb. 11, saw ALAB slip below its key moving averages (50-day, 100-day, 200-day), indicating downward pressure could sustain now that bears are firmly in control. 

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