The Chart of the Day is American Homes 4 Rent (AMH). I found the stock by sorting the New High list for new high frequency in the last month, then used the Flipchart feature to find the chart I liked. This stock looks like a reversal to me. Since the Trend Spotter signaled a buy on 5/2 the stock gained 7.03%.
American Homes 4 Rent (AM) 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.
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:
- 80% Barchart technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 17 new highs and up 10.49% in the last month
- Relative Strength Index 82.51%
- Barchart computes a technical support level at 17.46
- Recently traded at 17.66 with a 50 day moving average of 16.61
Fundamental factors:
- Market Cap $3.26 billion
- Dividend yield 1.13%
- Revenue expected to grow 176.30% this year and another 40.10% next year
- Earnings estimated to increase 55.00% next year and continue to increase annually by 11.0% for the next 5 years
- Wall Street analysts issued 2 strong buy, 4 buy and 4 hold recommendations on the stock
Individual investors have invested in single family homes for some time but now REITs are in the game too. Carefully watch this one.
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