Avis Budget Group CAR Stock & Option Trade Ideas

Based on the technical data for CAR, the MACD (Moving Average Convergence Divergence) has been consistently negative, indicating a bearish trend in the stock.

The RSI (Relative Strength Index) has fluctuated but has generally been below 50, suggesting bearish momentum in the stock.

The Bollinger Bands show a downward trend, with the stock price moving towards the lower band, further indicating a bearish outlook.

Considering the bearish indications in the technical data, here are potential trading strategies for CAR:

• Sell Short: Traders could consider selling short CAR, betting on further downside movement in the stock price.
• Put Options: Buying put options on CAR can be a strategy to profit from potential price declines while limiting risk to the premium paid for the options.
• Avoid Long Positions: Given the bearish indicators, it may be prudent to avoid opening long positions on CAR until there are clear signs of a trend reversal.