Stock Of The Day: Reversal Time For Amcor?

Shares of Amcor plc AMCR are little changed on Tuesday. This follows a significant decline that was triggered by a weak earnings report. Some traders are anticipating a reversal and move higher. Amcor, currently oversold, is approaching a possible support level. These can each be bullish dynamics. This is why it is our Stock of the Day. When traders and investors who are selling become emotional and anxious, they can push a stock below its typical or usual trading range. When this happens, the stock is said ...