pardeepk

PLD wait for trend break

Long
BATS:PLD   Prologis, Inc
0
1. Good fundamentals -Record 39 million square feet of leasing - - Same Store NOI increases 2.7% over the third quarter 2011 - - Occupancy increases to 93.1 percent, 210 basis points over the third quarter 2011. Good EPS increase from estimate.
2. DECENT support, however, price did seem to break support a little, that's why I placed an entry above trend line
3. Good rsi
4. price is near 0.50 fib on D1
5. Good volume

therefore, WAIT IF price breaks trend line and limit will be the next green box.

Stop loss- 32.00
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