Aircastle (AYR)

Company

"Aircastle Limited is a global company that acquires, leases and sells high-utility commercial jet aircraft to airlines throughout the world. As of September 30, 2009 Aircastle's aircraft portfolio consisted of 128 aircraft and had 60 lessees located in 34 countries." (company website)

ayr(4-1)
AYR 4-month chart
ayr(4-1)_1yr
AYR 1-year chart

Buy

AYR reached a peak in September but has been trending down since then. There was a nice rally in anticipation of earnings, but the positive surprise was not enough to sustain it, and the 50-day moving average continues to fall. Although the price has pushed above the 50-day MA, the rise in price has not been accompanied by significant volumes.

  • Percentage price oscillator (PPO) — converging back toward the signal line
  • Volume — falling volumes since earnings

Based on technical analysis, MarketEdge calls AYR an "avoid" in a "weak downward trend."

Sell

gain Bottom line
0%

This was a good idea, but I let it go too long. Although this is still being called a short candidate, I don't believe it. AYR bounced off the 50-day moving average and is following the trendline up. So, I bailed out.