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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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  • REITs Rule The Mid-Caps 0 comments
    Jul 25, 2014 4:22 PM | about stocks: CPT, SVU, WRI, ACC, ARE

    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 and I was surprised how may REITs were at the top of the list. Among them were Camden Property Trusts (NYSE:CPT), Supervalu (NYSE:SVU), Weingarten Realty Investors (NYSE:WRI), American Campus Communities (NYSE:ACC) and Alexandria Real Estate Equities (NYSE:ARE):

    Camden Property Trust (CPT)

    Barchart technical indicators:

    • 72% Barchart technical buy signals
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 15 new highs and up 2.82% in the last month
    • Relative Strength Index 60.51%
    • Barchart computes a technical support level at 73.19
    • Recently traded at 72.86 with a 50 day moving average of 70.99


    Supervalu (SVU)

    Barchart technical indicators:

     

    • 100% Barchart technical buy signals
    • Trend Spotter buy signal
    • Above ts 20, 50 and 100 day moving averages
    • 14 new highs and up 21.87% in the last month
    • Relative Strength Index 73.69%
    • Barchart computes a technical support level at 8.20
    • Recently traded at 9.36 with a 50 day moving average of 8.01


    Weingarten Realty Investors (WRI)

    Barchart technical indicators:

     

    • 64% Barchart technical buy signals
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 14 new highs and up 2.28% in the last month
    • Relative Strength Index 57.68%
    • Barchart computes a technical support level at 33.65
    • Recently traded at 33.59 with a 50 day moving average of 32.51


    American Campus Communities (ACC)

    Barchart technical indicators:

     

    • 88% Barchart technical buy signals
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 13 new highs and up 4.11% in the last month
    • Relative Strength Index 61.98%
    • Barchart computes a technical support level at 40.09
    • Recently traded at 40.00 with a 50 day moving average of 38.86


    Alexandria Real Estate Equities (ARE)

    Barchart technical indicators:

     

    • 88% Barchart technical buy signals
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 13 new highs and up 2.29% in the last month
    • Relative Strength Index 61.64%
    • Barchart computes a technical support level at 78.73
    • Recently traded at 78.88 with a 50 day moving average of 77.08
    Stocks: CPT, SVU, WRI, ACC, ARE
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