The giant automotive dealer has found strong support and we’re now starting to see a bullish reversal on good volume. Momentum indicators suggest the downward trend from the start of this year is ending and we expect AHG to head higher. There will be some resistance near $4 and again close to $4.20. Full year results in August are likely to be the major catalyst for the stock. The shares were trading at $3.885 on July 7.
AHG Price at posting:
$3.86 Sentiment: Hold Disclosure: Held