The Chart of the Day belongs to Sovran Self Storage (SSS). I found the company by sorting the All Time High list or the most frequent new highs in the last month then used the Flipchart feature to review the charts. Since the Trend Spotter signaled another buy signal on 12/22 the stock gained 2.52%.
Sovran Self Storage, Inc. is a self-administered and self-managed real estate investment trust which acquires, owns and manages self-storage properties.
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:
- 88% Barchart technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 16 new highs and up 6.15% in the last month
- Relative Strength Index 63.85%
- Barchart computes a technical support level at 89.37
- Recently traded at 90.80 with a 50 day moving average of 86.30
Fundamental factors:
- Market Cap $ 3.02 billion
- P/E 21.64
- Dividend yield 2.99%
- Revenue expected to grow 19.20% this year and another 10.40% next year
- Earnings estimated to increase 11.80% this year, an additional 13.90% next year and continue to compound at an annual rate of 6.50% for the next 5 years
- Wall Street analysts issued 3 strong buy, 2 buy and 5 hold recommendations on the stock
None of the technical trading strategies have worked very well on this stock. I'd advise this as a long tern hold position with a dividend reinvestment strategy.
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