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Tuesday, October 20, 2009

Top Performers Under Pressure

One of this year's top performers - Avis Budget Group (CAR) - is now testing its average true range:

CAR

If it closes here, it will be the first ATR violation/sell signal we've seen since its ATR buy signal on March 20th at $1.09 per share (a +900% return). Whether stocks like this can rally back and hold above these support zones is critically important.

* For more information on the ATR indicator I use and how I use it, please visit the members' only website.

Posted by Kirk at 12:20 PM in Charts | Bookmark | Feeds | Link |


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