AerCap (AER) has one amazing chart over the last couple of months. The merger with Genesis Lease (GLS) should be finalized on the 25th reducing the risk and finally allowing the stock to move forward.
Hard to understand what caused the stock to collapse from $11 to $7.5 and then rebound right back to $11 today. Is it now a double top? Likely not, but it does need to consolidate the recent gains. See the RF chart from yesterday as thats the likely scenario for this stock.
Trading at only 5.5x the $2 in earnings expected this year the stop at $11 will likely only be short term if at all.
Disclosure: Long AER and GLS