Notes: * Strong up trend * Not the best earnings record but the last report was really good * Creating a base within a base * Recently broke above historical highs of 14.42 * Increasing volume since the last earnings report * Recently bounced off of the 50 day line with bullish price action and volume
Technicals: Sector: Real Estate - REIT - Specialty Relative Strength vs. Sector: 1.23 Relative Strength vs. SP500: 2.49 U/D Ratio: 1.25 Base Depth: 22.36% Distance from breakout buy point: -9.29% Volume 57.34% above its 15 day avg.
Trade Idea: * You can enter now as the price is just coming off of the 50 day line with increasing volume * If you're looking for a better entry you can look for one around the 14.42 area as that should serve as support moving forward
* This stock usually has local tops when the price closes around 18.47% above its 50 EMA * Consider selling into strength if the price closes 18.27% to 18.67% (or higher) above its 50 EMA * The last closing price is 4.8% away from its 50 EMA