Wednesday, July 6, 2016

American Homes 4 Rent - Chart of the Day

American Homes 4 Rent (AMH) is the Barchart Chat of the Day. The single family residence REIT has a Trend Spotter buy signal, a Weighted Alpha of 38.84+ and gained 25.93% in the last year.

The Chart of the Day belongs to America Homes 4 Rent (AMH).  I found the single residence REIT by using Barchart to sort today's All Time High list first for the most frequent number of new highs this month, then again for technical buy signals of 80% or more.  I always use the Flipchart feature to review the charts.

American Homes 4 Rent is an internally managed real estate investment trust. It is focused on acquiring, renovating, leasing, and operating single-family homes as rental properties. It rents residential properties primarily in Arizona, California, Florida, Georgia, and Nevada. American Homes 4 Rent is based in Malibu, California.

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 web site when you read this report.

Barchart technical indicators:

  • 96% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 16 new highs and up 16.19% in the last month
  • Relative Strength Index 82.15%
  • Technical support level at 20.36
  • Recently traded at 20.75 with a 50 day moving average of 18.03
Fundamental factors:
  • Market Cap $5.02 billion
  • Dividend yield .97%
  • Revenue expected to grow 36.40% this year and another 8.40% next year
  • Earnings estimated to increase 29.20% this year, an additional 14.00% next year and continue to compound at an annual rate of 8.00% for the next 5 years
  • Wall Street analysts issued 3 strong buy, 1 buy and 5 hold recommendation on the stock

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