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rossgivens
Oct 13, 2021 12:12 PM

Breakout Long Trade in KIM Long

Kimco Realty Corporation (HC)NYSE

Description

Kimco Realty is inches from triggering a fresh breakout buy. After consolidating for the last 4 months, price has tightened and the stock appears to have moved from weak hands to strong. The final shakeout on Sept 30 likely triggered the last wave of stop losses, and the path of least resistance is now long.

There is clear resistance near the $22 mark. Consider buying on a break of $22.25 with a stop beneath the swing low at $20.70.
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