Alexandria Real Estate (ARE) : Is this a Head and Shoulder in the Making?

Oct 9, ’09 4:57 PM
Author iam802 Categories Property, REIT Tags

Continuing my monitoring of ARE.

As of yesterday’s close, there is still no sign that it will continue to be bullish since its last gap down.

It has just rebounded off a support at around 51.78 and it is still too early to tell if it will climb higher. If it fails to climb higher and break through 55.67, we have a lower high and perhaps the a Head  and Shoulder formation.

Note:

- Still too early to tell.

- Wait for confirmation

2009Oct-Alexandria Real Estate Inc-800x600

Related posts:

  1. Research In Motion (RIMM) : 5min chart, possible head and shoulder
  2. How Ichimoku Shows Head and Shoulder
  3. Alexandria Real Estate (ARE) : Short signals (are they aligned yet?)
  4. Alexandria Real Estate (ARE) : Watch the volume and the kumo resistance
  5. Alexandria Real Estate (ARE) : Soar to $51
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