Nearest Resistance: $46
Nearest Support: $40Catalyst: Mixed Earnings Ski resort company Vail Resorts (MTN) is getting heavy search volume today on the heels of its own earnings announcement, which included a bottom line earning miss coupled with an aggressive increase in the firm's dividend. Like Kronos, Vail is swinging from losses to gains today, but the technical setup in shares is still progressing positively right now. >>5 Breakout Trades You Need to See Vail has been forming an inverse head and shoulders setup since the start of November, indicating that there's exhaustion among sellers. The stock's current resistance level at $46 is the pattern's neckline, the price that shares need to break above before there's a buy signal in MTN. While shares have made their way above $46 in the last quarter and change, the move was limited to two trading days (an island reversal). That makes seeing a sustained move above $46 all the more crucial for traders. Follow @stockpickr
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