Finance

Revisit the buy and-hold case for Avon Products, Inc. (NYSE:AVP)

Avon Products, Inc. (NYSE:AVP) gained 0.88% in yesterday’s session, going up from its prior closing price of $2.28 to $2.30, and has now recorded rally in 3 consecutive sessions. Many in the market will be closely watching whether this winning streak is sustainable or take a temporary pause for the next couple of trading sessions. The stock price went upward in 6 of the last 10 days, but has retreated -3.77% over the same course of time. The upbeat movement of both volume and price during the recent session is interpreted as a good sign, and, overall 3.52 million more shares exchanged hands compared with prior day. In total, 5.81 M shares exchanged hands for about $13.36 million.

Inside AVP’s Recent Trend

Avon Products, Inc. (AVP) lies in the middle of a very wide and falling trend in the short term and pointed towards extra losses. Short-term traders are anticipated to see a retreat of -38.48% over the course of a quarter and, with 90% chance the price will be floating in the range of $1.08 and $1.50 in this timeframe.

Avon Products, Inc. Technical Signals



AVP is a buy based on short-term MA; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On additional rally, the share price will meet long term resistance at around $2.45. On a drop, the stock is likely to find some support over the short run, which begins at $2.29. A buy signal will be generated if it crosses above the long term moving average. Meanwhile, a price down versus the short-term MA will be a fresh sales call.

Avon Products, Inc. (NYSE:AVP) Support And Resistance Levels

Avon Products, Inc. (AVP) recorded volume accumulation so there will probably be a surplus of buyers at $2.29. In case of gains, the next resistance from accumulated volume will be at $2.48, $2.64 and $2.87.




Avon Products, Inc. (AVP) Risk Assessment

A volatility based measure Bollinger Bands suggests this stock poses high risk. In the most recent session, the stock price hovered around $0.06 between high and low, or 2.67%. The average volatility for the past week stood at 2.75%.

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