ALX - Rising Revenue is Not Enough Alexander's, Inc. operates as a real estate investment trust. The firm engages in leasing, managing, developing, and redeveloping its properties. Its operating properties are located in the greater New York City metropolitan area. The company was founded on May 16, 1955, and is headquartered in Paramus, NJ.
Despite some nontechnical indicators (i.e rising revenue & location), ALX seems positioned to continue losing value.
Fibonacci retracement from the previous All-Time High (ATH) is in a "red" zone, the lowest level of support in the trend. This could indicate "nowhere to go but up." So I decided to test that hypothesis with two indicators: 1) RSI and 2) Bollinger Bands. Both indicators insinuate an imminent downward price trend.
Entry: After support level at the time of publishing is broken.
Exit: After 5% -10% drop in price
