AWC continues to look cheap but as we often say “don’t fight the tape” which is clearly down at present with the stock now -26% year to date with a break to fresh post-COVID lows feeling almost inevitable i.e. only another 7% to go.
- We need a catalyst before considering fighting this ingrained downtrend although the downward re-rating does feel mature.
MM may consider AWC into a spike to fresh post-COVID lows
Add To Hit List
