InvestedCentral
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AOS is a $1.5 billion industrial company that engages in the manufacture and sale of water heating equipment and electric motors for residential, commercial, and industrial end markets in the United States and internationally. Recently, we've seen a lot of weakness in the industrial sector and AOS certainly hasn't been spared. But the recent strength back near its 50 day SMA is likely to be an area of critical resistance. We'd look for another move lower from this area. If the bulls can manage to take out $50.00, especially on increasing volume, then the shorts need beware. Otherwise, look for a move back to major price support close to the $44.75-$45.00 level.
