MAA - Possible double top short opportunity
MAA appears to be forming a double top that's bouncing off of resistance from a triangle it's been forming since the middle of last year. Completion of a double top at approximately $98.00 would make a good case for shorting. For the more aggressive, you could short on a good indication that the second bounce (since early march) off resistance is complete. From there, expect a move down to $88.00
PS: I wouldn't stick around past $88.00 because this stock is bullish on the 1W.
PS: I wouldn't stick around past $88.00 because this stock is bullish on the 1W.
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