Jarden Corp (NYSE: JAH)

Jarden Corporation manufactures, markets, and distributes consumer products worldwide. The company’s Outdoor Solutions segment offers camping and outdoor equipment. Its Consumer Solutions segment provides household kitchen appliances, such as blenders, coffeemakers, irons, mixers, slow cookers, teakettles, toasters, toaster ovens, and vacuum packaging machines. The company’s Branded Consumables segment offers fresh preserving jars and accessories. Its Process Solutions segment produces plastic products. The company was founded in 1991 and is headquartered in Boca Raton, Florida.
Take a look at the 1-year chart of Jarden (NYSE: JAH) below with added notations:

After rallying nicely from mid-October until the end of January, JAH has been trading mostly sideways over the last 3 months. During the sideways move the stock has formed a common pattern known as a rectangle. A minimum of (2) successful tests of the support and (2) successful tests of the resistance will give you the pattern.
JAH’s rectangle pattern has formed a resistance at $54 (red) and a $51 support (blue). At some point the stock will have to break one of the two levels, and the stock’s recent trendline (green) break of support might be foreshadowing an eventually break of rectangle support too.

The Tale of the Tape: JAH is trading within a rectangle pattern. The possible long positions on the stock would be either on a pullback to $51 or on a breakout above $54. The ideal short opportunity would be on a break below $51.
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