The PEAD projected a Bullish outlook for $REXR after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 83.33%.
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...
* Strong earnings quarter over quarter
* Strong up trend since inception
* Consolidated for a month after a move higher
* Retested the broken level as support with higher volume than average
Trade Idea:
* This would be a great time to enter a trade
* Or if you're looking for a discount, you can look for buying opportunities around the $61.70 area
Rexford Industrial Realty, Inc. is a real estate investment trust focused on owning and operating industrial properties in Southern California infill markets. Rexford Industrial Realty, Inc. is based in Los Angeles, California.
Analysis/Commentary
Strong EPS and Sales Growth Y-on-Y
Based on the study of the previous quarterly earnings reports and subsequent...
REXR: Rexford Industrial Realty, Inc.
2019-09-03 07:00:00
Rexford Industrial Acquires Five Industrial Properties For $110.3 Million; Sells Two Properties for $12.8 Million
