AAR (AIR) : Traders are bullish on AAR (AIR) as it has outperformed the S&P 500 by a wide margin of 8.47% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.42%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 5.6% in the last 1 week, and is up 7.89% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 10.38% and the 50-Day Moving Average is 21.29%.The 200 Day SMA reached 32.64%
AAR (NYSE:AIR): After opening at $30.1, the stock dipped to an intraday low of $30.1 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $31.67 and the buying power remained strong till the end. The stock closed at $31.32 for the day, a gain of 4.40% for the day session. The total traded volume was 625,948. The stocks close on the previous trading day was $31.32.
AAR CORP. is a diversified provider of products and services to the worldwide commercial aviation and government and defense markets. The Company operates in two segments: Aviation Services, which provides aftermarket support and services for the commercial aviation and government and defense markets, and Technology Products, which is involved in the design, manufacture, and repair of transportation pallets, and a range of containers and shelters used in support of military and humanitarian tactical deployment activities. The Companys products services include aviation supply chain and parts support programs; maintenance, repair and overhaul of aircraft and landing gear; design and manufacture of specialized mobility and cargo systems and composite and other precision machined structures; expeditionary airlift services, and aircraft modifications and aircraft and engine sales and leasing.