* Great earnings * Strong up trend * High 3-month relative strength in the Real Estate sector * Pays out dividends very generously * Recently broke out of a multi-year range dating back to 2016 * Recently used the resistance of that range ($43.99) as support * Has been consolidating for the past ~6 months * Offering a pocket pivot entry with very high volume and little to no overhead resistance
Trade Idea: * Now's a great time to get an early entry before the actual breakout. * If you're looking for a slight discount you can look for an entry near the $46.52 area as that should serve as support.
Caution: * Pocket pivots do offer an early entry before the actual breakout and even though there's little to no overhead resistance, there's still a chance that it may not break out immediately.