Beaten down rental car co. showing possible bottom formation at support.
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.
Hi, I am looking for a buy entry on CAR, in a retracing back to a new demand level. Thank you Girolamo Aloe
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.
Break-away possible to the both sides. A bullish move could reach until the weekly TL. Simple is good.
CHART OF THE DAY at 1-25-2016 BUY $CAR at $26.05
Breakdown today with bearish strength, opening short position with stop above 54.31 Target is 47.58.
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...