If you only looked at the averages you would come away with the impression that all stocks have been weak in October and November. Ventas, Inc. (VTR) has been showing independent bullishness and that always impresses me. Let's visit with the charts and indicators.
In this daily bar chart of VTR, below, we can see that prices have been strong since late April. VTR made a minor high in early September but came roaring back in October and November. VTR is trading above the rising 50-day moving average line and the bullish 200-day average. The daily On-Balance-Volume (OBV) line turned up from April but really climbed from October telling me that buyers of VTR are very aggressive. The trend-following Moving Average Convergence Divergence (MACD) oscillator gave a cover shorts buy signal in early October and an outright go long signal by the end of October.
We can see a bullish alignment of the indicators on this weekly bar chart of VTR, below, Prices are above the rising 40-week moving average line. The weekly OBV line is moving up and the MACD oscillator is in a go long mode above the zero line.
In this longer-term Point and Figure chart of VTR, below, we can see an upside price target of $88 being projected. A trade at $69 will be a bullish breakout.
Bottom line strategy: Aggressive traders could approach the long side of VTR here and on a shallow dip risking a close below $59. The $85-$90 area is our price target.