Earn 2 times the risk with this wedge patternOur algorithm shows EQR as an opportunity to buy at $63,57 aprox.
We've seen this pattern thousands of times before with a win ratio over 80%, considering the good risk reward of this trade seems reasonable to take it into consideration.
The take profits level could be before the 70’s area where
Key stats
Market capitalization
21.171BUSD
Dividends yield (FY)
4.74%
Price to earnings Ratio (TTM)
27.22
Basic EPS (TTM)
2.06USD
About Equity Residential
ISIN
US29476L1070
Sector
Finance
Industry
Real Estate Investment Trusts
Website
equityapartments.com
CEO
Mark J. Parrell
Headquarters
Chicago
Employees
2.4K
Founded
1993
Equity Residential operates as a real estate investment trust. It engages in the acquisition, development, and management of rental apartment properties, which includes the generation of rental and other related income through the leasing of apartment units to residents. The company was founded by Robert H. Lurie and Sam Zell in March 1993 and is headquartered in Chicago, IL.
EQR - Continuation Pattern ShortEQR breaking down below trendline from probable 3 wave continuation pattern here and printed a H&S where right shoulder is probably a wave 2.
Previous collapse was a solid 23% collapse and if correct this should another collapse similar in ratio down to around $60.
Could re-test resistance low or
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Long Residential REITs through $EQRThis residential reit has a good divi and is at a solid level of support for an investment. it's gone sour lately cause it holds lots of places in big cities that people are moving from like LA NYC SF but i don't buy that shit those places will be overcrowded and have plenty of renters for decades t
Textbook Retracement Level EQRThis is what I like to see: the stock NYSE:EQR pulled back to a 50% Retracement Level following an earnings high. This level matched with a past high price action and price hesitated for many weeks at the level before launching off it. The entry point was actually on a morning volatility spike
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