Avinger Inc. Abandoned After Dowgrade

Avinger Inc. 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.