While checking on Advance America, Cash Advance Centers Inc. (AEA), I ran across the term Double Top, which I had seen before. I found an excellent article explaining the pattern at Trending 123.
Posts Tagged ‘Advance America Cash Advance Centers Inc. (AEA)’
Double Top Chart Pattern
Saturday, June 26th, 2010Advance America Retreating
Sunday, June 6th, 2010I started watching AEA last November as a play on the decreasing borrowing power of the average debt consumer. The Foolish CAPs still like it, and Yahoo! Finance still has them predicted for a year end value over the $6 mark. But insiders have been selling down this year. I still like the business model and most of the numbers, though the debt and the insider sells worry me. What do you think? Comments welcome!