Sun Communities - Barchart Chart of the Day

Sun Communities (SUI) is the Barchart Chart of the Day.  The REIT has a Trend Spotter buy signal, a Weighted Alpha of 20.70. gained 34.83% in the last year and paid a 4.90% dividend.

The Chart of the day belongs to Sun Communities (SUI).  I found the stock by sorting today's 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 4/28 the stock gained 18.16%.

SUI owns, operates & finances manufactured housing communities concentrated in the midwestern & southeastern US. The Company is a fully integrated real estate company which, together with its affiliates and predecessors, has been in the business of acquiring, operating & expanding manufactured housing communities since 1975. The Company owns & manages a portfolio of properties located in twelve states, including manufactured housing communities, recreational vehicle communities, & properties containing both manufactured housing & recreational vehicle sites.

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.

Barchart technical indicators:

• Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new  highs and up 6.43% in the last month
• Relative Strength Index 72.93%
• Barchart computes a technical support level at 52.27
• Recently traded at 53.32 with a 50 day moving average of 50.37

Fundamental factors:

• Market Cap $2.19 billion
• P/E 15.95
• Dividend yield 4.90%
• Revenue expected to grow 53.32% this year and another 50.37% next year
• Earnings estimated to increase 6.80% this year, an additional 8.10% next year and continue to increase at an annual rate of 4.20% for the next 5 years
• Wall Street analysts issued 2 strong buy, 1 buy 1 hold and an under perform recommendation on the stock

Please watch the 50 day moving average for weakness and  the 100 day moving average for an exit point.