Hi traders,
This one looks very bullish in the short term, my indicators are also very bullish and there is also some other points besides the indicators :
It has formed a bull flag and now it broke above = very bullish
stochastics RSI bullish
Overall it has a great volume
Hoping the Nasdaq wont influence this one :)
Took the position, please be aware that...
NYSE:ABR
ABR long idea above 12.96
I have an ascending triangle forming on the daily and a bullish pennant on the 30 minute chart.
Price is above the 10, 20, 50 and 200 DMA.
Price is above the ascending 5DAM on the 30 minute chart.
Price is above the YTD VWAP.
Initial Stop will be tight a t 12.84
Arbor Realty Trust, Inc. is a real estate investment trust. The Company invests in a portfolio of structured finance assets in the multifamily and commercial real estate markets, primarily consisting of bridge and mezzanine loans, including junior participating interests in first mortgages, preferred and direct equity. Its segments include Structured Business and Agency Business. In addition, the Company may also directly acquire real property and invest in real estate-related notes and certain mortgage-related securities. It focuses on investment types, such as Bridge Financing, Mezzanine Financing, Junior Participation Financing and Preferred Equity Investments. It offers bridge financing products to borrowers, typically seeking short-term capital to use in an acquisition of property. It offers mezzanine financing in the form of loans that are subordinate to a conventional first mortgage loan and senior to the borrower's equity in a transaction.
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ABR
