Apartment Investment & Management Co

AAA

For today's chart we've chosen to take a look at Apartment Investment & Management Co. (NYSE:AIV) because it is trading within an ascending triangle pattern. As many of you know, this pattern is constructed by connecting a series of increasing troughs and identifying a price level that has consistently prevented the price from heading higher. The clearly marked levels of support and resistance make this pattern a favorite amongst short-term traders.

A break above the resistance is used to suggest that the bulls are in control of the direction and it is often followed by a quick move higher. As you can see from the chart below, a rise above $40.25 would likely trigger a wave of buy orders. We expect that this stock will likely be added to the radar of many traders because of the bullish chart formation.

Related Analysis
  1. Chart Advisor

    Traders Fight To Push Corn Prices Higher

  2. These stocks have been weak, and despite rallies, investors might be better served by selling or shorting as opposed to buying.
    Chart Advisor

    Time To Take Profits On These 4 Rallying Stocks?

  3. Chart Advisor

    Is Natural Gas About to Tank?

  4. Chart Advisor

    A Multi-Asset Income ETF For Defensive Investors

  5. Chart Advisor

    These Stocks Offer Range-Trading Opportunities

Trading Center