The Chart of the Day is America Assets Trust (AAT). I found the stock by sorting the All Time High List for 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 10/8 the stock is up 10.33%.
American Assets, Inc. is a real estate investment trust, or REIT, that owns, operates, acquires and develops retail and office properties primarily in Southern California, Northern California and Hawaii. The trusts assets include retail properties, office properties, Waikiki Beach Walk property and multifamily properties.
Barchart technical indicators:
- 88% Barchart technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 20 new highs and up 16.29% in the last month
- Relative Strength Index 81.37%
- Barchart computes a technical support level at 37.69
- Recently traded at 38.34 with a 50 day moving average of 34.85
Fundamental factors:
- Market Cap $1.61 billion
- P/E 24.22
- Dividend Yield 2.31%
- Revenue expected to be flat this year buy up 6.60% next year
- Earnings estimated to increase by 3.90% this year, an additional 6.90% next year and compound at an annual rate of 3.55% for the next 5 years
- Wall Street analysts issued 2 strong by, 2 buy and 3 hold recommendations on the stock
The 50-100 day MACD Oscillator has been the most consistent technical trading strategy on this stock and should be used as a exit point.
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