The Virtual Reality Play No One is Talking About

Lost in the shuffle of the NVDA bull run relating to virtual reality has been some intriguing plays which are not garnering much attention. Dolby is a name we have been noting for Members for a while now, though an earnings shakeup this week sees DLB needing some time to tighten its otherwise sound chart back up. 

But IMAX may very well be the true sleeper in the VR space, at least from an investment standpoint. 

IMAX's stock never really became widely followed by market players, even when it was acting well. And now that IMAX had been turning in a lackluster 2017 performance, it became all but forgotten among speculators.

However, after a recent earnings rally, the IMAX daily chart, below, is sporting a bottoming formation on track to confirm as we end this week of trading. Beyond movies, earlier this year, for example, it was reported that the company's virtual reality arcade experiment in Los Angeles has been a success.

Without question, IMAX's cinematic success aided its recent earnings. But in terms of future growth the push into VR figures to be a wildcard which may very well resurrect the downtrodden stock. 

Technically, as long as IMAX now holds over $23.40 the bottoming thesis remains intact, eventually targeting $30 to the upside.