Last week appeared to be very profitable for shares of AYR
which gained more than 7% and crossed up 20, 50, 100 MA confirming long term bullish trend
. Despite losing some momentum in the beginning of the year when the company depreciated almost 30%, all losses have been covered and currently this stock looks to reach its eight years high at $25.
The cross of MAs is very reliable signal for this stock in particular at the area of MA’s confluence. Since it behaves very responsive to these signs we would assume the price go up to $25 as our first target.
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