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AIR Makes Bearish Cross Below Critical Moving Average

By Market News Video Staff, Thursday, August 4, 4:39 PM ET
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In trading on Thursday, shares of AAR Corp (NYSE:AIR) crossed below their 200 day moving average of $26.51, changing hands as low as $25.89 per share. AAR Corp shares are currently trading off about 5.6% on the day. The chart below shows the one year performance of AIR shares, versus its 200 day moving average:

AAR Corp 200 Day Moving Average Chart

Looking at the chart above, AIR's low point in its 52 week range is $14.96 per share, with $31.66 as the 52 week high point — that compares with a last trade of $25.86.

According to the ETF Finder at ETF Channel, AIR makes up 1.74% of the iShares Dow Jones U.S. Aerospace & Defense Index Fund ETF (AMEX:ITA) which is trading lower by about 5% on the day Thursday.

     See what other ETFs contain AIR »
     See what other stocks are held by ITA »

AIR operates in the Aerospace & Defense sector, among companies like United Technologies Corp. (NYSE:UTX) which is down about 6.1% today, and Boeing Co. (NYSE:BA) trading lower by about 6.2%. Below is a three month price history chart comparing the stock performance of AIR, versus UTX and BA.

AIR,UTX,BA Relative Performance Chart


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