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.
One reply on “Alexandria Real Estate (ARE) : Soar to $51”
[…] It’s been quite some time since my last ARE trade; a trade that I cut-loss. […]