I'm basing my strategy on the RSI and price, The pattern indicates perfect time to buy, RSI says it might go a little lower. Trends are not to stayed forever... I have an Limit order at $9.35.
You got to pay to see i guess.
$VER (a triple-net REIT) priced an upsized secondary of 60 million shares last week after a modestly disappointing earnings report.
That combo pushed the stock down to the bottom of the channel.
Peer companies are NNN& O, and both yield 3.55% compared to VER's 5.25%.
The secondary will accelerate the company's return to IG credit ratings, which is the
it is not so common to see a channel as well-defined as this one.
Of course, right now the stock is not near the lower end of the channel.
Here's why this REIT is in an uptrend:
New CEO (March 2015) is getting to the end of an asset sale program that is designed to reduce leverage so that the company regains investment-grade credit ratings. The completion of that...