In the last 12 months, #CAR (Avis Budget Group) has lost more than half of its value.
Since Jan 2016, the stock has ranged between 22 - 30 USD. Now the stock touched the 30 USD upper price level after it has increased with 25% in the last two weeks.
Time for a short pull back before continuing the uptrend.
Avis Budget ( CAR / NASDAQ ) is another global brand worth watching. The company is busy with its restructuring and acquisitions efforts. Price has arrived at a major inflection point. I am cautiously bullish, but watching if follow-through above 28.00 USD happens.
Looks price cleared DTL and confirmed the bullish triangle break-out with target price $69. If u decide to take a long position make your stop loss at recent swing low at and around $55 area. If you want a real time alerts on this security try us www.2waytrading.com
(CAR) was on my IBD list of strong fundamental stocks. It's in a strong uptrend and currently pulling back to the $61.95 Pivot level. Once there I'm watching for clear price action showing that the level is being rejected and momentum is building to the upside.
* On September 16th CAR gave an entry trigger with the strong up day closing in the upper range after a...
