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.

You May Also Like

Related Analysis
  1. Chart Advisor

    Profit From Holiday Spending With This ETF

  2. Chart Advisor

    Cocoa Prices Setting Up For A Move Lower

  3. Chart Advisor

    How To Trade The Biggest U.S. Companies In 2015

  4. Chart Advisor

    'Tis The Season For Food And Beverage Stocks

  5. Chart Advisor

    Commodities Set Up For A Continued Move Lower

Trading Center