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%.

Previous ArticleNext Article

Related Post

How Insiders and Institutions are Trading Applied ... Recent insider trends for Applied Optoelectronics, Inc. (NASDAQ:AAOI) have caught the attention of investors. Analysts study insider data to get a sen...
The Mosaic Company (MOS) vs. Monsanto Company (MON... The Mosaic Company (NYSE:MOS) and Monsanto Company (NYSE:MON) are the two most active stocks in the Agricultural Chemicals industry based on today’s t...
What the Insider Data Suggests About NRG Yield, In... Recent insider trends for NRG Yield, Inc. (NYSE:NYLD) have caught the attention of investors. Insider activity is often a strong indicator of future p...
Should You Invest in QUALCOMM Incorporated (QCOM)?... Recent insider trends for QUALCOMM Incorporated (NASDAQ:QCOM) have caught the attention of investors. Analysts monitor insider data to understand the ...
Analyzing the Insider Data for Momenta Pharmaceuti... Recent insider trends for Momenta Pharmaceuticals, Inc. (NASDAQ:MNTA) have caught the attention of investors. Insider data is useful because it can re...