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.
Citigroup is an upside channel and the stock reacted positively on the news that there might be an interest hike in June 2016 by the Fed as this might improve their operational margins
Diamond Offshore Drilling broke down the 24 USD level in July and since then the stock has tried to break through this level on the upside for 5 times. However the level proved to be strong resistance. Now the stock is testing this level for the 6th time and there seems to be more strength to the upside. Current risky setup where the stock bounced off the 50 daily...
Late September 2015, #HUN gapped down through the 14 USD level. The stock has tested this level a couple of times and it acted as a strong resistance. In April 2015, #HUN bullishly breached resistance for the first time and now #HUN is dropping lower and testing back the key 14 USD level. Will it hold as support this time? Price is testing the 50 day moving...
