MNR Triple Play: Strong Earnings, Strong Trend, Falling Rates
Disclosure - I have a position in-MNR.
22 days ago I published a chart on Monmouth Realty.
As you can see from the chart above-MNR-(Monmouth Real Estate Investment Corporation)-has established a very strong uptrend.
This stock is only 3% off its 52 week high. The trend is very strong.
From a non-technical perspective, the dividend yield is in the area of 4.72%, so this is a big attraction to institutions.
The earnings reports were released yesterday. They were exceptionally STRONG. The highlights are on my previous-MNR chart (published today).
Let's review Don's TRADE-MAP approach:
TRADE = 1. T : Time and space (Fractals); 2. R : Repeating Cycles; 3. A : Advancing Trend; 4. D : Declining Trend; 5. E : Energy in Phase Forces.
.....MAP = 6. M : Momentum and Velocity; 7. A : Analysis of Structure; 8. P : Price Performance.
When I mention "Don's Top Ten Technicals", I use the elements of the "TRADE-MAP" approach:
1. The Ichimoku Cloud is rising as well as the 89 day moving average . 2. Prices have risen FAR above the cloud. 3. Prices are usually trading above the thick red Ichimoku Cloud Conversion line (prices have consolidated just a bit). 4. The thick red conversion line is also rising. 5. The thick black line is the Ki jun-Sen baseline of the Ichimoku Cloud , which is rising and above the cloud.
6. The indicator on the top of the page is RSI / Stochastic , and this is strong, but oversold. 7. The top middle indicator is vortex and it is strong (green over red).
8. The Top (bar-type) indicator measures the "phase energy" of the stock , and this is STRONG. 9. The green fractal arrows are up (not shown).
10. Look to the far right on the chart, around $13.57. You will note a yellowish line on top (lips), with black dots below (teeth), and a blue line (jaw) below the black dots. Now, all three are rising, correct? This is where I ask you to use your imagination and envision these three items as the "separated jaws of a feeding alligator". This is a positive indication because the alligator is FEEDING in the uptrend.
If you look at a chart of-TNX (the 10 Year T-Note yield), this is solidly DOWN. (I will publish this next).
So,HERE IS THE-MNR TRIPLE PLAY:
The MNR-trend is up, MNR-earnings are up, and yields for 10 year T-Notes are down.
So, in my opinion, the conditions for rising MNR-stock prices look VERY LIKELY.
Good luck to you. Don.
22 days ago I published a chart on Monmouth Realty.
As you can see from the chart above-MNR-(Monmouth Real Estate Investment Corporation)-has established a very strong uptrend.
This stock is only 3% off its 52 week high. The trend is very strong.
From a non-technical perspective, the dividend yield is in the area of 4.72%, so this is a big attraction to institutions.
The earnings reports were released yesterday. They were exceptionally STRONG. The highlights are on my previous-MNR chart (published today).
Let's review Don's TRADE-MAP approach:
TRADE = 1. T : Time and space (Fractals); 2. R : Repeating Cycles; 3. A : Advancing Trend; 4. D : Declining Trend; 5. E : Energy in Phase Forces.
.....MAP = 6. M : Momentum and Velocity; 7. A : Analysis of Structure; 8. P : Price Performance.
When I mention "Don's Top Ten Technicals", I use the elements of the "TRADE-MAP" approach:
1. The Ichimoku Cloud is rising as well as the 89 day moving average . 2. Prices have risen FAR above the cloud. 3. Prices are usually trading above the thick red Ichimoku Cloud Conversion line (prices have consolidated just a bit). 4. The thick red conversion line is also rising. 5. The thick black line is the Ki jun-Sen baseline of the Ichimoku Cloud , which is rising and above the cloud.
6. The indicator on the top of the page is RSI / Stochastic , and this is strong, but oversold. 7. The top middle indicator is vortex and it is strong (green over red).
8. The Top (bar-type) indicator measures the "phase energy" of the stock , and this is STRONG. 9. The green fractal arrows are up (not shown).
10. Look to the far right on the chart, around $13.57. You will note a yellowish line on top (lips), with black dots below (teeth), and a blue line (jaw) below the black dots. Now, all three are rising, correct? This is where I ask you to use your imagination and envision these three items as the "separated jaws of a feeding alligator". This is a positive indication because the alligator is FEEDING in the uptrend.
If you look at a chart of-TNX (the 10 Year T-Note yield), this is solidly DOWN. (I will publish this next).
So,HERE IS THE-MNR TRIPLE PLAY:
The MNR-trend is up, MNR-earnings are up, and yields for 10 year T-Notes are down.
So, in my opinion, the conditions for rising MNR-stock prices look VERY LIKELY.
Good luck to you. Don.