Get started
HaseebKhan_90

BNL broke out of consolidation

Long
Broadstone Net Lease, Inc. (NYSE:BNL)  
HaseebKhan_90  
NYSE:BNL   Broadstone Net Lease, Inc.
Trend Analysis Chart Patterns breakout consolidation-breakout consolidationzone buysignal buysetup buyzone targetprice
2
0
trendanalysis chartpattern breakout consolidation-breakout consolidationzone buysignal buysetup buyzone targetprice
BNL had a pull back mid June and has since recovered to make new all time highs.
Since breaking out it has been consolidating right above resistance hence making it a new support level.

* New company
* Steady up trend
* Pays generous dividends
* Broke above pull back with relatively higher volume (7.28%)
* Creating new support level from the broken resistance
* Price is at a great point!

Trade Idea:
* Entry at previous close $27.63
* Stop at $26.20 (~5%)
* Target at $33.17 (~20% ROI)
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.