China seems to be doing what is best for their Geriatric peoples house of billionaires, making it less likely these oldies catch Covid. It only marginally matters to them if China is a bit richer or poorer, or if the us is slightly friendlier.
The market is down about 3% and AA has a beta of about 2.3 so the market move would be 7%, which would put it at 51, still 4% above the stop. As such, I would view it as the market being down for the reason that AA is underperforming the market.
China seems to be doing what is best for their Geriatric peoples house of billionaires, making it less likely these oldies catch Covid. It only marginally matters to them if China is a bit richer or poorer, or if the us is slightly friendlier.
S-L-O-W-i-n-g economy....
This is one of the cases where I think you got stopped out not because of a specific reason but because the market is down. Humble opinion!