The Chart of the Day belongs to Hudson Pacific Properties (NYSE:HPP). I found the stock by sorting the All Time High List for the stock with the most frequent new highs in the last month then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 10/14 the stock gained 23.94%.
Hudson Pacific Properties, Inc. is a full-service, vertically integrated real estate company focused on owning, operating and acquiring office properties and media and entertainment properties in select growth markets primarily in Northern and Southern California. These markets include Los Angeles, Orange County, San Diego, San Francisco, Silicon Valley and the East Bay.
Barchart’s Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.
Barchart technical indicators:
- 100% Barchart technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 15 new highs and up 12.06% in the last month
- Relative Strength Index 83.69%
- Barchart computes a technical support level at 31.77
- Recently traded at 32.51 with a 50 day moving average of 28.83
Fundamental factors:
- Market Cap $2.18 billion
- P/E 28.73
- Dividend yield 1.57%
- Revenue expected to grow 29.30% this year and another 33.80% next year
- Earnings estimated to increase 10.90% this year, an additional 17.90% next year and continue to compound at an annual rate of 12.23% for at least the next 5 years
- Wall Street analysts issued 2 strong buy, 4 buy and 2 hold recommendations on the stock
The best technical trading strategy on this stock has been the price vs the 100 day moving average and should be used to gauge an exit point.
