Here is the closer view of previous long term SNH chart. Lets see if we can get the RSI to reset on the bounce looking for wave 4 and make some money!
We are looking for the rsi to diverge with higher lows and price to make lower lows... lets see what happens!
SNH - has been killed and "thrown away" recently as the earnings have disapointed, having a 50 cent loss on the most recent announcement. Last Friday the dividends were cut to only 15 cents a share! Most traders are thinking the good old days are gone now for this stock.
I have followed this stock since April 2018 and have been delighted with the dividends. At...
After the market collapse in Dec, this stock has finished a huge ABC corrective pattern over the past few years.
It has been throwing off high yields.
If price pulls back down to the buy line (green) the yield will be over 14%!
If the Bat Pattern holds true, we could expect a nice $6 move up towards $17/ share
or approximately 55% capital appreciation also
Senior Housing Properties Trust is a real estate investment trust. They primarily invest in senior housing properties in the United States. The trust invests in hospitals, nursing homes, senior apartments, independent living properties, and assisted living properties. Now that you are properly acquainted with the trust, we can delve into the financials that are...