The PEAD projected a slight bullish outlook for $MNR following a positive under reaction after its earning release placing the stock in Drift A
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MNR-had a very strong gap open today, surging approximately 4.5%.
Here are the positives:
1. Currently multiple buy Fractals (highlighted in green boxes). Note: four of the sell Fractals afterwards are not valid as they came with prices above alligator's jaw.
2. The lower indicator under the chart is CHOP; readings below the shaded area (38.2) indicate a strong...
On a 15 minute chart MNR-continues higher.
A buy fractal (green arrow) is a series of five consecutive bars where the highest high is preceded by two lower
highs and is followed by two lower highs. This has just happened on the MNR-15 minute chart. (Black arrow at $13.80).
The fractal is important. It is the first dimension of your trade.
If the Alligator is not...
I look for a Trifecta in stocks: STRONG EARNINGS, GOOD DIVIDEND, and STRONG TREND. Monmouth Realty has all three.
Let's look at my 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...
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...
A bullish Bat pattern is evident in Monmouth Realty.
The latest quarterly earning were solid:
MNR-reported Core Funds from Operations (Core FFO) of $12,752,000 or $0.19 per diluted share for the three months ended June 30, 2016 as compared to $9,044,000 or $0.15 per diluted share for the three months ended June 30, 2015 representing an increase in Core FFO per...
Update. Eleven days ago I wrote about the strong technical patterns in-MNR.
Today I alert those interested that-MNR earnings are scheduled to be released 08-03-16.
The question to be answered: Do the strong chart patterns forecast an acceptable earnings release?
The forward P/E is 19.94, the trailing twelve months P/E is 21.32.
What does this mean to you? There...
Ten days ago I published "Trending Now". MNR-was installment 4 of this series.
I thought I would share with all some charts that are, for lack of a better description, "Trending Now".
Disclosure - I have a new position in-MNR.
As you can see from the chart above-MNR-(Monmouth Real Estate Investment Corporation)-has established a very strong uptrend.
This stock is...
Trending Now Installment Number Four: I thought I would share with all some charts that are, for lack of a better description, "Trending Now".
Disclosure - no position in MNR-but looking to go long.
As you can see from the chart above-MNR-(Monmouth Real Estate Investment Corporation)-has established a very strong uptrend.
This stock is only .75% off its 52 week...
