Analyzing the options chain of AYI Acuity Brands prior to the earnings report this week, I would consider purchasing the 160usd strike price Puts with an expiration date of 2023-7-21, for a premium of approximately $6.35. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your...
Price is now settling above the middle line of a strong channel. I expect this to be a prompt reversal and price to rise above this up channel as it has in the past The $400 psychological level looks nice right now following a breakout Bullish
Chart self explanatory #nodebt #undervalued #shariahcompliant
no position here but price ranging long term to down side
Acuity Brands: The Business Uncertainties from Tariff and Wage Inflation I last mentioned Acuity Brands (AYI), a lighting and building management solutions company with $3.7B in net sales in 2018, three months ago. At that time, I described a good risk/reward setup to go long the stock post-earnings. AYI shot nearly straight up from there. The stock broke through...
The deconstruction continues in material stocks. The culprit this time around was a poor reading and interpretation of construction spending. I think it was a big over-reaction given the overall trends. Deconstructing Materials Stocks. drduru.com $USCR $AYI $XLB
It is possible that AYI is in the 4th wave correction unfolding within wxyxz structure. The trendline support (white) is right under the price. Watch both trendlines (white and yellow) for further clue. The breakout of the yellow resistance is a good buy trigger for the last wave up.