Rest Assurant

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A lot of my favorite shorts these days are in the finance and banking area. One of these is Assurant, symbol AIZ, which broken its long-term trendline ages ago and has vaulted to near the top of its range. This range, in my opinion, constitutes a topping pattern which is not yet complete.

slopechart AIZ

Looking closer, you can see more plainly the pattern in question. I am short AIZ with a stop at $98 even.

slopechart AIZ