KeyCorp (KEY) reported earning last night and EPS came in at .54 vs .35 consensus. This earnings beat leads me to believe that KEY will break this downtrend and double bottom reversal.

A break in KEY could signal a rally to back to 30. KEY would have to break 25 on heavy volume in order for me to consider it a breakout.



Andy Swan is co-founder and head trader for DaytradeTeam.com. To get all of Andy's day trading, swing trading, and options trading alerts in real time, subscribe to a one-week, all-inclusive trial membership to DaytradeTeam by clicking here.