Lexington REIT - buy signal
This afternoon I added Lexington Realty Trust (LXP) to the Barchart Van Meerten Speculative portfolio. LXP is a real estate investment trust engaged in the ownership, operation, management of a diverse portfolio of real properties.
1 - 100% Barchart technical buy signal
2 - 16 new highs and up 13.50% in the last month
3 - Relative strength Index 73.30% and rising
4 - Trades around 9.09 with a 50 day moving average of 8.13
5 - Wall Street brokerages have published 5 buy and 3 hold recommendation based on projections of growth in revenue and earning
6 - Investor sentiment on Motley Fool has CAPS members voting 177 to 16 that the stock will beat the market with the All Stars in agreement 93 to 3
Jim Van Meerten is a professional investor with over 40 year experience in investing in stocks, mutual funds and ETFs. He shares his knowledge on Barchart in his daily blogs -- Barchart Portfolio Blogs.
Through Marketocracy Capital Management you can have a Separately Managed Account that mirrors his Barchart Van Meerten New High portfolio.