AAR Corp

AIR's decisive support failure in late August confirms a Stage 4 decline and a bearish medium-term bias, though the long-term uptrend remains intact above the 200-day SMA. Short-term timing is neutral, with rallies into the 9- and 20-day EMAs expected to provide selling opportunities. We will defer selling pressure until price approaches the 129–134 EMA resistance zone before trimming positions.

• ↑Q4 FY26 record sales of $928M, +26% YoY across all segments
• ↑Adjusted EBITDA rose 27% to $116M, driving 12.5% margin
• ↓HACO Americas integration causing near-term margin dilution