Avon Products

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Nearest Resistance: $21.50

Nearest Support: $16.50

Catalyst: Board Change

Finally, Avon Products ( AVP) is up close to 6% as I write, following news that former CEO Andrea Jung would be stepping down as executive chairman of Avon's board. Shares fell hard and profits declined during Jung's time as CEO, and many investors felt that her presence as executive chairman of the board meant that Avon wasn't giving its old approach a clean break. While her exit as a board member at the end of the year is a big shift, Jung will continue to be a special advisor to the board starting in 2013.

From a technical standpoint, this stock looks attractive. Shares have been basing for most of the last few months, and following today's break higher, shares are much closer to support than they are to resistance. That tips the risk/reward in favor of buyers in October. For folks who decide to buy, I'd recommend keeping a protective stop nearby.

To see these stocks in action, check out the at Most-Active Stocks portfolio on Stockpickr.

-- Written by Jonas Elmerraji in Baltimore.


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At the time of publication, author had no positions in stocks mentioned.

Jonas Elmerraji is the editor and portfolio manager of the Rhino Stock Report, a free investment advisory that returned 15% in 2008. He is a contributor to numerous financial outlets, including Forbes and Investopedia, and has been featured in Investor's Business Daily, in Consumer's Digest and on MSNBC.com.

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