Company Description: Avon Products Inc. manufactures and markets beauty and related products worldwide. Its product categories include color cosmetics, fragrances, skin care, and personal care; fashion jewelry, watches, apparel, footwear, and accessories; and gift and decorative products, housewares, entertainment and leisure, and children’s and nutritional products. Avon Products Inc. markets its products through direct selling and independent representatives, as well as through distributorships. The company was founded in 1886 and is based in New York, New York.

Our Analysis: The shares of Avon Products, Inc. 'AVP' moved sharply lower yesterday on heavier than normal trading volume. They finished the day by closing below a recently established support level. This is a bearish trading signal. The shares of 'AVP' should continue to move lower and test $31.79/share, the point from which they gapped higher on the open of trading on October 8th of this year. If the shares of 'AVP' close below that level then they should continue to move lower and test $29.31/share, the point from which they gapped higher on the open of trading on September 2nd of this year. I see upside resistance on the shares of 'AVP' @ $33.16/share, and have set my stops accordingly @ $33.57/share.