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Atlas Air Worldwide Holdings, Inc. Message Board

  • stock99man stock99man Oct 17, 2008 6:42 PM Flag

    AAWW To retest $20.29 low next week

    Look for both the market and AAWW to retest the recent $20.29 low. The chart is in a bearish pattern and is suggesting a strong selloff next week - along with the rest of the market. However, in the unlikely event, if the stock rides above $30.49 and is able to close above this mark, look for the stock to trade as high as $33 before falling back into the $25-$27 range.

    The probability of a move higher is extremly low and I would be cautious of taking a position here. I'd wait to see if the market retests the recent lows and is able to form support. In wich case, AAWW could trade back down to the low 20.29 level before rebounding.

42.01+0.40(+0.96%)Jul 22 4:00 PMEDT