American Investments is currently consolidating in a long term formation after a year long 100%+ run up. Looking into the intermediate daily price action, some interesting moves have been taking place which may lead to a breakout/next leg up. While it's still early, the recent neckline break above the 50 day ema marked an end to the downtrend that has been taking place since mid March, on a relative basis as well. While outstanding was not present on the candle seen today, the crossed the 0 line and remains in territory, as does . While I won't be fully on board until the January downward resistance line is captured, today proved promising.