$REXR breaking out of a cup and handle with Pocket Pivot!
Notes:
* Excellent earnings
* Very strong up trend in the long term
* Breaking out of a ~4 month cup and handle
* Printed a pocket pivot
* Good earnings report
Technicals:
* Sector: Real Estate - REIT - Industrial
* Relative Strength vs. Sector: 1.69
* Relative Strength vs. SP500: 5.56
* U/D Ratio: 1.15
* Base Depth: 19.23%
* Distance from breakout buy point: -2.13%
* Volume 28.87% above its 15 day avg.
Trade Idea:
* You can entry now and play the pocket pivot
* Or you can look for an entry around $78.7 area for a better risk/reward ratio
* Manage risk accordingly
* Excellent earnings
* Very strong up trend in the long term
* Breaking out of a ~4 month cup and handle
* Printed a pocket pivot
* Good earnings report
Technicals:
* Sector: Real Estate - REIT - Industrial
* Relative Strength vs. Sector: 1.69
* Relative Strength vs. SP500: 5.56
* U/D Ratio: 1.15
* Base Depth: 19.23%
* Distance from breakout buy point: -2.13%
* Volume 28.87% above its 15 day avg.
Trade Idea:
* You can entry now and play the pocket pivot
* Or you can look for an entry around $78.7 area for a better risk/reward ratio
* Manage risk accordingly