AMH has had a very exciting year so far, traveling from $57 to today's 52-week high of $62.61. As you can see from the chart below, the gains seen over the past two days have sent the price above the $60.50 resistance, which is now a level that we'd expect to become an area of support when the bears step in and push it lower. In the event that the price does fall below this $60.50 level, we'd expect AMH to find support near the bottom of the gap around the $58 mark.

We've also added the MACD indicator, which has recently crossed above its signal line. This bullish crossover suggests that we could see continued buying pressure. In addition, we've also noted the increase in volume, which may be used by the bulls as confirmation of a move higher.



AMH_011006.jpg

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