Technical Summary: For most of the last 5 years the stock of AAD has been range bound. This trend has continued through 2017 and into 2018. It can be argued that volatility is contracting towards the right side of the chart as the stock has made a few higher lows. The stock has been buyable off these lows as a mean reversion trade over the last 5 years. For the stock to be buyable as a trade from a trend perspective we would like to see the stock form a constructive base before breaking out to the upside. For those that trade off trend lines the stock could provide an opportunity at this juncture as it has recently broken through the trend that is formed off the highs.
