Apartment Investment & Management Co - Chart of the Day | May 13, 2008

Beginners Experienced Investors Active Traders Retirement

Acronyms Bonds Buzzwords FOREX Mutual Funds Options & Futures Retirement Stocks Taxes Tech Analysis Trading

Investing Basics Stocks Mutual Funds FOREX ETFs Active Trading Bonds Financial Theory Fundamental Analysis Options & Futures Personal Finance Real Estate & Mortgages Retirement FAQs View All

Beginners Experienced Investors Active Traders Retirement

CFA Level I CFA Level II CFA Level III Series 6 Series 7 Series 26 Series 63 Series 65 Series 66 CSC More Exams... ExamPrep Materials Quizzer Login

Home Stock Community My Portfolio Trade Stock My Games Resources Login

Free Reports Investopedia Advisor Chart Advisor Coattail Investor

Advisor Finder Guides and Books Learn About Features Mortgage Offers Investing Strategies Financial Calculators

Retirement Plans Bonds & Fixed Income Active Trading General Investing Investing Basics Stocks Mutual Funds Short Selling

Stock Analysis | Hot Topic Picks | Editor's Picks | Community Sentiment

Apartment Investment & Management Co - Chart of the Day

May 13, 2008 | By Casey Murphy

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.