Chart of the week
Date: 11/02/2009
Symbol: VTR
Company Profile: Ventas, Inc., through its subsidiaries, operates as a healthcare real estate investment trust in the United States. It finances, owns, and leases healthcare related and senior housing facilities.
Sector: Financial
Industry: REIT - Healthcare Facilities
TRADING PLAN
Entry price: above: 41.15
Stop price: under: 38.95
Target: 45-50 areas
Chart explanation: Obviously VTR is much stronger then market and look like have “own way” and it is always nice to find that kind of chart. Of course nothing is 100% sure, but I will look for long above weekly high and I want it to stay above 10sma support area (brown line) at this point. VTR have room for position trade too, but it is hard to say and because of that I will start with swing trade and with trading plan explained on the chart.
If anyone have any question or need update feel contact me over email or in the live trading room.
Wish you all good trading!!!
Kind regards
Ivica
http://www.ivicatradingcharts.com/
Date: 11/02/2009
Symbol: VTR
Company Profile: Ventas, Inc., through its subsidiaries, operates as a healthcare real estate investment trust in the United States. It finances, owns, and leases healthcare related and senior housing facilities.
Sector: Financial
Industry: REIT - Healthcare Facilities
TRADING PLAN
Entry price: above: 41.15
Stop price: under: 38.95
Target: 45-50 areas
Chart explanation: Obviously VTR is much stronger then market and look like have “own way” and it is always nice to find that kind of chart. Of course nothing is 100% sure, but I will look for long above weekly high and I want it to stay above 10sma support area (brown line) at this point. VTR have room for position trade too, but it is hard to say and because of that I will start with swing trade and with trading plan explained on the chart.
If anyone have any question or need update feel contact me over email or in the live trading room.
Wish you all good trading!!!
Kind regards
Ivica
http://www.ivicatradingcharts.com/
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