AOBC reports earnings next week on June 18. Historically, AOBC usually beats earnings estimates. Additionally, AOBC has recently had its earnings estimates revised upward, which is a good predictor of an earnings beat. Zacks has given this company a high probability of an earnings surprise.
Companies whose share price has recently fallen typically get the biggest bump from an earnings beat and the smallest drop from an earnings miss. AOBC is down 40 cents per share since this time last month, and over $5.00 per share this year. That makes AOBC a really good candidate for a bet on an earnings beat. As you can see, it's getting a big bump today as investors gear up for next week's earnings reports.
Companies whose share price has recently fallen typically get the biggest bump from an earnings beat and the smallest drop from an earnings miss. AOBC is down 40 cents per share since this time last month, and over $5.00 per share this year. That makes AOBC a really good candidate for a bet on an earnings beat. As you can see, it's getting a big bump today as investors gear up for next week's earnings reports.
Support and resistance levels are tough to call given this stock's volatility over the past few months, but here are my guesses:
It gets up to the 9.82-10.00 range in the morning, then retraces to about 9.60 late in the day before rebounding higher.