Friday, February 10, 2017

American Homes 4 Rent - Chart of the Day

American Homes 4 Rent (AMH) is the Barchart Chart of the Day.  The single family home REIT has a Trend Spotter buy signal, a Weighted Alpha of 56.38+ and gained 67.77% in the last year.

The Chart of the Day belongs to American Homes 4 Rent.  I found the single family homes REIT by using Barchart to sort today's All Time High list first for the most frequent number of new highs in the last month, then again for technical buy signals of 80% or better.  Since the Trend Spotter signaled a buy on 1/23 the stock gained 7.97%.

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
  • 19 new highs and up 12.59% in the last month
  • Relative Strength Index 75.81%
  • Technical support level at 22.77
  • Relative Strength Index 75.81%
  • Recently traded at 22.90 with a 50 day moving average of 21.13
Fundamental factors:
  • Market Cap $5.43 billion
  • Revenue expected to grow 39.50% this year and another 7.50% next year
  • Earnings estimated to increase 55.0% this year, an additional 61.10% next year and continue to compound at an annual rate of 14.40% for the next 5 years
  • Wall Street analysts issued 4 buy and 2 hold recommendation on the stock

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