Trend: StrongEntry: ExtendedRelative strength: ImprovingRisk: Normal
ATR 3.7% · 1Y DD 33% · 2 dist days · 3 gaps
www.stockduty.xyz
The long-term picture is intact. The stock is holding above a rising 200-day moving average — the market's long-term memory — and the 50-day average, where active money has been buying, sits above the 200-day, confirming the trend is healthy. The stock is also gaining ground versus the S&P 500, earning its place in the portfolio rather than simply riding the market higher. However, the shares are 26% above the 50-day average, making the current reward/risk less attractive. The first constructive entry zone is near the 50-day average at $4. A decisive close below the 200-day at $4 would break the long-term structure — that's where the thesis is wrong.
ACCO Brands Corporation designs, manufactures, and markets consumer, school, technology, and office products in the United States, Canada, Brazil, Mexico, Chile, Europe, the Middle East, Australia, New Zealand, and Asia. It operates in two segments, ACCO Brands Americas and ACCO Brands International. The company offers note taking products, gaming and computer accessories, planners, workspace machines, tools and essentials, and dry erase boards and accessories, as well as filing and organization products, and writing and art products; and shredding, laminating and binding machines, stapling, punching, planners, dry erase boards, and do-it-yourself tools. It sells its products under the Five Star, PowerA, Tilibra, AT-A-GLANCE, Kensington, Quartet, GBC, Mead, Swingline, Barrilito, Foroni, Hilroy, Leitz, Rapid, Esselte, Rexel, PowerA, NOBO, Franken, Derwent, Marbig, Artline, and Spirax brands. The company distributes its products through various channels, including mass retailers, e-tailers, discount, drug/grocery, and variety chains, warehouse clubs, hardware and specialty stores, independent office product dealers, office superstores, wholesalers, contract stationers, and technology specialty businesses, as well as sells products directly through its e-commerce platform and direct sales organization. The company was formerly known as ACCO World Corporation and changed its name to ACCO Brands Corporation in August 2005. ACCO Brands Corporation was founded in 1893 and is headquartered in Lake Zurich, Illinois.