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Madinvex

Acuity Brands Inc. (AYI) potential breakout to 145-155 price

Long
Acuity Brands, Inc. (NYSE:AYI)  
Madinvex  
NYSE:AYI   Acuity Brands, Inc.
Bill Williams Indicators
1
0
billwilliams
AYI volume surge upward to 201.61% yesterday which might make the price rallies to 145-155 zone according to Darvas' box system. As per Darvas, prices moving up and down the top "box" (coordinates 126-145) coupled by rising volume will trigger a potential rally. Looking in hindsight starting June 2013, "boxes" or sideways channel as per technical terms are piling up on top each other and will probably continue on. AYI has also good EPS rating , 81% compared to its group. I'll watch this stock and at the same time, setting up BUY stop order @ 143.89 using a BUY entry signal by Bill William's fractals and an initial stop loss of 127.
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