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...
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.
NR7 painted ended on the weekly chart
Very high volume on the daily chart w/ narrow range
Sideway, narrow range, price move for past 5-10 days
Near all-time high
AYI initially caught my eye from the daily price action. The March 2014 resistance has been retested and is now support. Price is above the $150 half figure. And yesterday's breakout bar was very bullish on higher volume.
On the weekly chart the inverted head and shoulders also stood out as a reason to go long on this stock. A measured move would take price to...
AYI volume surge upward to 201.61% yesterday which might make the price rallies to 145-155 zone according to Darvas' box system. As per Darvas, prices moving up and down the top "box" (coordinates 126-145) coupled by rising volume will trigger a potential rally. Looking in hindsight starting June 2013, "boxes" or sideways channel as per technical terms are piling...
