Stock Technical indicators to notice in AVON PRODUCTS INC. (AVP.BA)
1- Last bullish trend was from 122.00 $ (4/13/2010) to 128.00 $ (10/25/2010) a 6.00 $ move 2- The current bearish trend started from 128.00 $ at 10/25/2010 and is currently trading at 115.60 $.
AVON PRODUCTS INC. (AVP.BA) Short term stock chart patterns for internet stock trading :
4- The Stock formed a 29.250 $ height triangle which was broken down at 115.600 in higher than usual volume, target of the pattern is 86.350.
AVON PRODUCTS INC. (AVP.BA) Mid term stock chart patterns for internet stock trading :
5- The Stock was supported by a support line, identified by two points: 120.750 and 70.000 that was broken down at 140.000 transforming into a resistance line.
AVON PRODUCTS INC. (AVP.BA) Long term stock chart patterns for internet stock trading :
None.
Stock Trading Conclusion:
AVON PRODUCTS INC. (AVP.BA) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .
Stock Resistance Levels : 118.53, 120.34, 121.80, 123.26, 124.50, 128.00, 323.75.
Stock Support levels : 86.35.