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.

comments powered by Disqus
Related Analysis
  1. Forget About Falling Oil, Look Into These 5 MLPs
    Chart Advisor

    Forget About Falling Oil, Look Into These 5 MLPs

  2. Coffee Continues To Shine In The Commodities Market
    Chart Advisor

    Coffee Continues To Shine In The Commodities Market

  3. When To Buy Strongly Performing Stocks
    Chart Advisor

    When To Buy Strongly Performing Stocks

  4. The ADX Shows Strong Uptrends In These 4 Stocks
    Chart Advisor

    The ADX Shows Strong Uptrends In These 4 Stocks

  5. Falling Prices Are Dragging These Gold Stocks Down
    Chart Advisor

    Falling Prices Are Dragging These Gold Stocks Down

Trading Center