AYI cannot break 135 resistance level almost 4 times already. MACD is declining and in the past two weeks red volume bars are more dominant. Therefore, Maybe now it's the perfect time for shorting AYI. Stop loss is 134. 1st target is 121 and 2nd target is 112.
Acuity Brands: The Business Uncertainties from Tariff and Wage Inflation I last mentioned Acuity Brands (AYI), a lighting and building management solutions company with $3.7B in net sales in 2018, three months ago. At that time, I described a good risk/reward setup to go long the stock post-earnings. AYI shot nearly straight up from there. The stock broke through...
WOULD LOVE A GAP DOWN OR WEAKNESS TO AROUND 154.50 TO GET LONG
A support breakout accompanied with bad news is a good way for short selling stocks because of the threat of higher interest rates this year Is Important that the past price behavior match with the intention Look back in January 2017 the Big gap that finish with the bull trend and the past Lower Highs and Higher Lows that is making the price and the moving...
Playing Trading Simulator Game: Historically, big drops are followed by steady upward climb. Also, large daily range to play. If holding long, it might be a good idea to order a trailing stop.
It is possible that AYI is in the 4th wave correction unfolding within wxyxz structure. The trendline support (white) is right under the price. Watch both trendlines (white and yellow) for further clue. The breakout of the yellow resistance is a good buy trigger for the last wave up.
AYI with a Strong bullish Chart. Trading above 260$ will perhaps generate a new High @ 300$ The other Action Points are illustrated in my Chart
$AYI new must hold area here. ratings great except for acc/dis could be better.
$AYI has great ratings but chart isn't looking so great. Needs to hold @ 228.15 or headed lower.