Posts Tagged ‘Advance America Cash Advance Centers Inc. (AEA)’

Double Top Chart Pattern

Saturday, June 26th, 2010

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.

Advance America Retreating

Sunday, June 6th, 2010

I 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!