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HaseebKhan_90
Nov 9, 2021 1:46 PM

LXP offering another entry after pocket pivot! Long

LXP Industrial TrustNYSE

Description

I posted about this one earlier about an entry with a pocket pivot but now it's giving another entry signal with a breakout.

If you didn't get in before, this may still be a great time to enter.

* Good earnings
* Very strong up trend
* High relative strength in the Real Estate sector
* Trading higher than average volume
* Breaking out of a tight consolidation of 2.77%

Comment

Given the current market conditions LXP is holding up extremely well. This is a sign of high relative strength.

Looking at the price action going sideways but volume picking and staying steady indicates that some institutions may be accumulating this during this time.
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