Hey people, SMITH A O CORP is in a bearish fake dynamic with bearish continuation and more buying and selling volume. In TIMEFRAME 5 1Min we see a bull line, which means that there is no decision. But the tendency remains buying, it will break its VWAP with force and break through the stabilization zone. Strong potential to join the last previous high but there...
A.O. Smith corp. has a history of stable EPS growth; however, the Corona lockdown is likely to affect the EPS in 2020 and maybe the consecutive year’s expected growth. In FY 2009, the company traded at a P/E ratio of 13 in average. Taking a very pessimistic perspective, one could argue that the economy will experience a recession similar to the one in 2008, that...
AOS
AOS Technical Signals
MACD: Bullish crossing on 2/16/2018 at -.06
Moving Averages: 50 MA crosses under price with volume on 2/14 giving a short term bull signal, 20MA also crossing under price on 2/15.
RSI (14): Sitting at 56.46 and trending upwards, showing bullish momentum.
Bouncing off a strong support at 60
First Target: 70.80
Second Target...
AOS is running within a channel formation & now challenging its channel resistance. It also seems shaping a H&S formation. We think it has good downside potential from current level.
To Play this we would consider $65 July puts ($2.95)
* Trade Criteria *
Date First Found- February 22, 2018
Pattern/Why- Upward channel; H&S formation
Entry Criteria- From...
AOS is running within a channel formation & now challenging its channel resistance. It also seems shaping a H&S formation. We think it has good downside potential from current level.
To Play this we would consider $65 July puts ($2.95)
* Trade Criteria *
Date First Found- February 22, 2018
Pattern/Why- Upward channel; H&S formation
Entry Criteria- From...
