649bruno
Long

Earnings Vs Chart Patterns: Monmouth Reality-MNR

NYSE:MNR   MONMOUTH REAL ESTATE INVT CORP
12 0 3
Update. Eleven days ago I wrote about the strong technical patterns in-MNR.
Today I alert those interested that-MNR earnings are scheduled to be released 08-03-16.
The question to be answered: Do the strong chart patterns forecast an acceptable earnings release?
The forward P/E is 19.94, the trailing twelve months P/E is 21.32.
What does this mean to you? There had better be growth, or the prospects of growth.
So, after the earnings release, does the uptrend continue?
The technicals suggest yes, but the risk is disappointment in what the company discloses in the release.
To quote Warren Buffet : “Someone's sitting in the shade today because someone planted a tree a long time ago.”

My opinion: remain long. Don.
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