P.I.T.
Long

Get some dividend out of Realty Income

NYSE:O   REALTY INCOME CORP
The trend is bullish at the moment with price rejects the 45.60 support level . Looking forward for price to rally higher while collecting dividend. Reasons to go long:
- Ex-div tomorrow
- Up trend
- Rejections at 45.60 support
I'm flat after the drop took out my SL at breakeven but squeezed some dividend out from this trade :-)
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I closed at 47 :D

One curious thing is that in July and September, this stock began to pullback one week before SPX did. A sign of things to come?
+1 Reply
P.I.T. PRO JohnKeverich
Well done bud! My target was at 47.50 and I moved my stop to BE after achieving 2R profits but unfortunately I was taken out at BE.

Interesting find on the SPX :D Didn't notice that! Lets see whether SPX will pullback on next week. We have a divergence here with SPX :D
Reply
One of my favourtie stocks out there.
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