What’s Going On?
Since my last post, Alexandria Real Estate (ARE) has been unavailable for late trading another four days. Here is the screengrab:
CLICK TO ENLARGE
I don’t pretend to know what this is all about. Why would late trading be halted? Perhaps someone was abusing the system? If I had to guess, I’d suspect that shares were being recycled after hours. Anyhow, It does not matter. Buyers continue to be exhausted.
From a technical standpoint, ARE is displaying very unique behavior… the kind of behavior that precedes a powerful move. I think the move will be down but only time will tell. I am patient.