I’ve been talking a lot about retail shorts lately, so I’ll share some more now. First up is American Eagle Outfitters (NYSE:AEO), which collapsed beneath a symmetric triangle and then recovered back to its failed underside.
Aside from retail stores, I’m quite fond of providers of real estate to big retail. One of these is CBL & Associates Properties (NYSE:CBL), which is forming a pattern similar to the one before the financial crisis, except this one is much, much larger:
Chicos (NYSE:CHS) isn’t the cleanest pattern on earth, but that red horizontal does a decent job dividing overhead supply and ‘the fall zone.’
GGP (NYSE:GGP) is similar to CBL, and you can likewise see the analog to the pre-financial crisis timespan.
DDR (NYSE:DDR) is in the exact same line of work (purveyor of real estate to retail):
And, appropriately up, we finish up with The Finish Line (NASDAQ:FINL), which is being “threatened” with a takeover, hence the violent moves this summer. To my eyes, it’s an incredibly toppy chart.
