Friday's slide leaves A. O. Smith traders hoping for a bounce

A quick look at Friday: during Friday's session, A. O. Smith toiled and struggled for upward momentum before closing at $65.47. By the close, the the water heater manufacturer suffered a $1.9 or 2.82% loss.

Bollinger Bands® shows an indication of recovery: the lower band is at $64.58, a low enough level to, generally, suggest that A. O. Smith Corp is trading below its fair value.

Technical analysis shows that A. O. Smith (currently on a downtrend) might reverse course and start going up in the short term.

A. O. Smith was not the only decliner in the industrials sector; Raytheon Technologies closed at $95.75 (down 2.38%). Honeywell International dips 2.38% Friday to close at $189.14. Lockheed Martin lost 1.56% Friday and closed at $465.87.