In last evening’s Forecast Report, AeroVironment (AVAV) signaled a potential short play for early Wednesday from the 23 mark and above.
Early Wednesday, the stock drifted below our target range. But shares did move steadily off the opening level, also the day low of 22, to hit 25 inside the first hour of trading. The stock pulled back to 23 around midday and drifted near that mark since. A sell at the 25 high measured to 23, was 8.7% in the black.
