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RLJ Lodging Trust - Barchart's Chart Of The Day

|Includes: RLJ Lodging Trust (RLJ)

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%.

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.