Alexandria Real Estate (ARE) : Soar to $51

This is another counter that I have to cut-loss.

The good thing about it, is I cut loss fast.

The moment it break out of its $40 resistance, I know something is not right. Add to that, there’s quite a fair number of shorts covering.

Currently, it is trading at $51 on news that it has raised its FFO guidance.

By iam802

Trend trading with Ichimoku