The Chart of the Day belongs to America Campus Communities (ACC). I found the student housing stock by using Barchart to sort today's All Time High list first for the most frequent new highs in the last month then again for technical buy signals of 80% or better. Always use the Flipchart feature to review the charts for consistency.
American Campus Communities, Inc. is a fully integrated, self-managed and self-administered equity REIT with expertise in the acquisition, design, finance, development, construction management, leasing and management of student housing properties.
Barchart technical indicators:
- 96% technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 12 new highs up 6.73% in the last month
- Relative Strength Index 68.78%
- Technical support level at 48.67
- Recently traded at 49.32 with a 50 day moving average of 46.68
Fundamental factors:
- Market Cap $6.43 billion
- P/E 21.53
- Dividend yield 3.42%
- Revenue expected to grow 3.40% this year and another 5.60% next year
- Earnings estimated to be down 6.40% this year but increase again by 8.60% next year and compound at an annual rate of 2.70% for the next 5years
- Wall Street analysts opinions are mixed with 3 strong buy, 3 buy, 6 hold and 2 under perform reports on the stock
