AAR Corp. (AIR) Finding It Hard To Emerge Out Of Turbulent Times

AAR Corp. (NYSE: AIR) slipped 13%, the most since September 2001, to a level of $20.78. The aircraft parts and maintenance provider AAR Corp. (AIR) reduced its guidance, suggesting that it expects earnings of 32 cents a share at most in the Q4 of current fiscal. Analysts, on average, had estimated an earnings per share of 41 cents.

AAR Corp. (AIR) is now in the danger of breaching below its 20 day MA of $20.51, below which it will start showing a bearish trend. AAR Corp. (AIR) has been showing a volatile trend over the past few weeks.