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Avinger Abandoned After Dowgrade

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Avinger Inc (NASDAQ: AVGR) shares are trading lower by $3.07 at $21.75 in Tuesday's session. The catalyst for the decline is a downgrade from Buy to Neutral at Dougherty & Company.

After a lower open, it attempted to rally but came up shy of Monday's close ($24.75), only reaching $24.54 before continuing lower.

It is now testing support at its two-day low of $21.67 pausing at $21.68. If the decline continues beyond that support level, there is no major support based on its daily chart until its four-day low of $20.20.

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