10.10.2014 - On the chart American Equity Investment Life is signal to sell
The stock price American Equity Investment Life since beginning of year consolidated within the triangle and has recently broken through the bottom of the triangle, after which the decline has accelerated. A drop in prices below the level of the nearest local minimum of about 22.00 was a confirmation of the signal to sell. We recommend to open short positions with the targets of 20,00, 19,00 and 17,00 and stop above 23.50. We expect a decline in prices in the medium term.