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High Tight Bull Flag Forms in Relative Strength Lighting Controls Name

by | Dec 11, 2024

Acuity Brands (AYI) shares of the lighting controls name are sporting a strong high tight bull flag near the 320 level of support that continues to hold well. AYI has a coiled pattern that can breakout above monthly value of 333 and likely target up to 350 from here ahead of its next earnings report due in mid January. AYI is hitting the ready to run scan as continued momentum from its 2024 return of +58% looks to continue through year end. In late October AYI announced they will acquire QSC for $1.21B and the deal is expected to be accretive to 2025 adjusted EPS.

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