The Chart of the Day is Vornado Realty Trust (VNO). I found the stock by sorting the 52 week new high list for new high frequency in the last month, then used the Flipchart feature to review the charts. Since the Trend spotter signaled a buy on 3/31 the stock gained 6.77%.
The status of 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:
- 96% Barchart technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 16 new highs and up 7.21% in the last month
- Relative Strength Index 72.40%
- Barchart computes a technical support level at 103.81
- Recently traded at 105.23 with a 50 day moving average of 100.09
Fundamental factors:
- Market Cap $19.71 billion
- P/E 21.53
- Dividend yield 2.77%
- Revenue expected to decrease 1.70% this year but increase again by 1.20% next year
- Earnings estimated to increase 39.00% this year, an additional 6.30% next year and continue to increase annually by 13.43% for the next 5 years
- Wall Street analysts issued 2 strong buys, 5 buys, 5 holds and 1 under perform
Real estate is on a tear right now. Watch the 50 day moving average for signs of weakness and use the 100 day moving average as an exit point
