Short: Acuity Brands, Inc. (AYI)
From Shortex Market Letter
52wk H. $143.55 52wk L. 67.46
Mkt Cap: $3.75B, EPS: 6.27, P/E: 15.10 Beta: 1.40
The provider of lighting control building management solution for commercial/industrials/institutional. Pressured by pandemic Covid-19. Causative of its share falling by 10% on its F/Y Q-4 earnings report, despite a beat on revenue and profit. Erratic technical picture where managed to exit death cross. Its brief stay in golden cross was manifested with sharp plunge (115-101) with deteriorating pattern (101-97) to (96-94) to continue. Volatile.
SHORT RANGE: 85-100
COVER SHORT: 69
STOP LOSS: 115
Joseph Parnes, Shortex Market Letter, shortex.com, 800-877-6555, October 28, 2020