Entering text into the input field will update the search result below

Northstar Realty Finance - Barchart's Chart Of The Day

Jan. 02, 2014 5:14 PM ETDBRG
Jim Van Meerten profile picture
Jim Van Meerten's Blog
Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

The Chart of the Day is Northstar Realty Finance (NRF). I found the stock by sorting the New High List for frequency in the last month, and eliminated the stock that did not have positive gains for the last week and month. Last;y, I used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 11/26 the stock gained 39.92%.

It is an internally-managed REIT that makes fixed income, structured finance and net lease investments in commercial real estate assets. NorthStar Realty's business consists of three core business lines: subordinate real estate debt, real estate securities and net lease properties.

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
  • 17 new highs and up 41.59% in the last month
  • Relative Strength Index 87.10%
  • Barchart computes a technical support level at 13.08
  • Recently traded at 13.72 with a 50 day moving average of 10.62

Fundamental factors:

  • Market Cap $3.22 billion
  • P/E 10.08
  • Dividend yield 6.31%
  • Revenue projected to increase 17.00% this year and another 17.20% next year
  • Earnings estimated to be down 35.10% this year but increase again by 12.60% next year
  • Wall Street analysts issued 1 strong buy and 4 buy recommendations

The stock has been increasing in both volume and price. Use the 100 day moving average as your exit point.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.