(Finance) – Overbearing rise for Avis Budget Group,which shows a searing climb of 4.23% on previous values.
The promotion from Deutsche Bank contributes to assisting the shares: analysts have revised upwards the judgment on the title of the vehicle rental group, bringing it to “buy” from the previous “hold”.
The one-week trend of Avis Budget Group, is more sluggish than the trend of NASDAQ 100. Such decline could trigger opportunities for the market to sell the stock.
The technical framework of Avis Budget Group, it signals a widening of the negative trend line with a drop to the support seen at 164.2 USD, while on the upside it identifies the resistance area at 174.9. Forecasts are for a possible further retreat with a target set at 158.3.