On the 10th of December 2015, I posted the following:AEL - Resistance - 24.00, Support - 22.00, in between return - 6.6%
AEL took a hit in early 2015, when the stock fell to 18.50. Since then 22.00, had succeeded in supporting the stock on several occasions. During the last 12 months it had moved to 28.00, but 24.00 has been the short term resistance level. Between 22.00 and 24.00, you have a 6.6% return, nett of Cost. Entering @ 22.00 to 22.50 with a target of 24.00 opens a decent trade for the short term.Any down side below 22.00 may not be wise to hold. Hence the stop is 21.90.
Today's close was 23.50, and traded at a high of 23.80 intra-day. The closing price of the stock was 22.40 on the 10th, and some managed to grab around that during this time. I suggest to take profits between 23.80 and 24.00, which is +/- 6% in 5 Market days.
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