649bruno
Long

MNR Triple Play: Strong Earnings, Strong Trend, Falling Rates

NYSE:MNR   MONMOUTH REAL ESTATE INVT CORP
7 0 2
Disclosure - I have a position in-MNR.
22 days ago I published a chart on Monmouth Realty.
As you can see from the chart above-MNR-(Monmouth Real Estate Investment Corporation)-has established a very strong uptrend.
This stock is only 3% off its 52 week high. The trend is very strong.
From a non-technical perspective, the dividend yield is in the area of 4.72%, so this is a big attraction to institutions.
The earnings reports were released yesterday. They were exceptionally STRONG. The highlights are on my previous-MNR chart (published today).
Let's review Don's TRADE-MAP approach:
TRADE = 1. T : Time and space (Fractals); 2. R : Repeating Cycles; 3. A : Advancing Trend; 4. D : Declining Trend; 5. E : Energy in Phase Forces.
.....MAP = 6. M : Momentum and Velocity; 7. A : Analysis of Structure; 8. P : Price Performance.
When I mention "Don's Top Ten Technicals", I use the elements of the "TRADE-MAP" approach:
1. The Ichimoku Cloud is rising as well as the 89 day moving average . 2. Prices have risen FAR above the cloud. 3. Prices are usually trading above the thick red Ichimoku Cloud Conversion line (prices have consolidated just a bit). 4. The thick red conversion line is also rising. 5. The thick black line is the Ki jun-Sen baseline of the Ichimoku Cloud , which is rising and above the cloud.
6. The indicator on the top of the page is RSI / Stochastic , and this is strong, but oversold. 7. The top middle indicator is vortex and it is strong (green over red).
8. The Top (bar-type) indicator measures the "phase energy" of the stock , and this is STRONG. 9. The green fractal arrows are up (not shown).
10. Look to the far right on the chart, around $13.57. You will note a yellowish line on top (lips), with black dots below (teeth), and a blue line (jaw) below the black dots. Now, all three are rising, correct? This is where I ask you to use your imagination and envision these three items as the "separated jaws of a feeding alligator". This is a positive indication because the alligator is FEEDING in the uptrend.
If you look at a chart of-TNX (the 10 Year T-Note yield), this is solidly DOWN. (I will publish this next).
So,HERE IS THE-MNR TRIPLE PLAY:
The MNR-trend is up, MNR-earnings are up, and yields for 10 year T-Notes are down.
So, in my opinion, the conditions for rising MNR-stock prices look VERY LIKELY.

Good luck to you. Don.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out