Avis Budget stock is in the midst of a retracement of a two-month rally that topped on April 21 swing high at $323.78.. The stock just dipped below the 20-day Simple Moving Average on Friday, which provided a small bearish hint ahead of the earnings call.
On the other hand, a positive conference call from Avis with strong results would allow CAR shares bulls to go back into action and. First resistance is located at $281.08 and then the previous swing high at $323.78 would come into play next. Above there, November 2 2021 all-time daily close high at $358.67 hit after the huge Avis Budget earnings from Q3 2021 would be the next level in line.
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