$MTN - ASCENDING TO HIGHER ALTITUDEIt's been another busy season for Vail Resorts.
If you like to ski or snowboard, you probably hit the mountain this winter.
And Vail probably profited.
This company reports earnings on Monday after the bell.
Vail
MTN Descending Triangle FormationMTN is forming a bearish descending triangle pattern. I recommend entering into a short position once a downward breakout occurs.
MTN: Vail Resorts has a nice weekly trend...I like the chart here, $MTN has some nice upside potential, both from a technical and valuation stand point.
As long as prices don't slide below $216, we can expect a 10 week rally from here, reaching prices as high as $295 possibly.
Best of luck,
Ivan Labrie.
