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Jim Van Meerten
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Jim Van Meerten is an advisor to Marketocracy Capital Management and writes on financial subjects here and on Barchart Portfolio Blogs and Seeking Alpha. He earned a BS in Accounting and Business Administration from Berry College; a Juris Doctorate from the Woodrow Wilson School of Law; and... More
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Marketocracy Capital Management
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  • RLJ Lodging Trust - Barchart's Chart Of The Day

    RLJ Lodging Trust (NYSE:RLJ) is the Barchart Chart of the Day. The Hotel REIT has a Trend Spotter buy signal, a Weighted Alpha of 39.73+, gained 37.99% in the last year and paid a 3.56% dividend.

    The Chart of the Day is RLJ Lodging Trust (RLJ). I found the hotel REIT by sorting the All Time High list for the stocks having the most frequent new highs in the last month then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 10/14 the stock gained 13.06%.

    (click to enlarge)

    RLJ Lodging Trust is a REIT focused on investing primarily in premium-branded, focused-service, and compact full-service hotels. It plans to own hotels concentrated in urban and dense suburban markets.

    Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

    Barchart technical indicators:

    • 80% Barchart technical buy signals
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 13 new highs and up 4.57% in the last month
    • Relative Strength Index 62.36%
    • Barchart computes a technical support level at 33.30
    • Recently traded at 33.67 with a 50 day moving average of 31.87

    Fundamental factors:

     

    • Market Cap $4.45 billion
    • P/E 14.41
    • Dividend yield 3.56%
    • Revenue expected to grow 1410% this year and another 10.20% next year
    • Earnings estimated to increase 17.0% this year and an additional 40.00% next year
    • Wall Street analysts issued 3 strong buy, 6 buy and 2 hold recommendations on the stock

    The most effective technical trading strategy on this stock has been the 50 - 100 day MACD Oscillator and I recommend you use that to find an exit point.

    Tags: RLJ
    Dec 19 9:25 AM | Link | Comment!
  • Empire State Realty Trust - Barchart's Chart Of The Day

    The Chart of the Day belongs to Empire State Realty Trust (NYSE:ESRT). I found the stock by sorting the All Time High list for the stocks having the most frequent new highs in the last month, then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 10/21 the stock gained 11.08%.

    Empire State Realty Trust, Inc. is a real estate investment trust which owns, manages, operates, acquires and repositions office and retail properties primarily in Manhattan and New York metropolitan area.

    (click to enlarge)

    Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

    Barchart technical indicators:

    • 96% Barchart technical buy signals
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 15 new highs and up 7.26% in the last month
    • Relative Strength Index 66.91%
    • Barchart computes a technical support level at 17.12
    • Recently traded at 17.46 with a 50 day moving average of 16.21


    Fundamental factors:

     

    • Market Cap $1.39 billion
    • Dividend yield 1.98%
    • Revenue expected to grow 112.20% this year and another 11.00% next year
    • Earnings estimated to increase 97.60% this year, an additional 4.80% next year and continue to increase an an annual rate of 4.00% for the next 5 years
    • Wall Street analysts issued 2 strong buy, 2 buys and 2 hold recommendations on the stock


    Please use a moving stop loss 10 % off its recent high to gauge an exit point.

    Tags: ESRT
    Dec 18 2:57 PM | Link | Comment!
  • SL Green Realty - Best Mid Cap

    Today I used Barchart to sort the S&P 400 Mid Cap Index stocks to find the stocks with the most frequent new highs in the last month, then used the Flipchart feature to review the charts. Right at the top of the list was the REIT SL Green Realty (NYSE:SLG):

    Barchart technical indicators:

    • 80% Barchart technical buy signals
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 13 new highs and up 7.99% in the last month
    • Relative Strength Index 67.90%
    • Barchart computes a technical support level at 117.06
    • Recently traded at 122.26 with a 50 day moving average of 114.31


    Fundamental factors:

     

    • Market Cap $12.17 billion
    • P/E 19.59
    • Dividend yield 1.68%
    • Revenue expected to grow 12.40% this year and another 6.10% next year
    • Earnings estimated to increase 14.50% this year, an additional 5.40% next year and continue to increase at an annual rate of 6.08% for the next 5 years
    • Wall Street analysts issued 2 strong buy, 4 buy, 13 hold and 1 under perform recommendation on the stock.


    The 50 -100 day MACD Oscillator has been the most effective technical trading strategy on this stock and should be used as an exit point/

    Tags: SLG
    Dec 18 8:36 AM | Link | Comment!
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