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JimVanMeerten (61.38)

Why is Commonwealth moving??

Recs

3

February 12, 2011 – Comments (0) | RELATED TICKERS: EQC

Every once in a while something weird comes up on my new high screens on Barchart. that I can't explain.  Today I want to call your attention to one such stock - Common Wealth REIT (CWH).  CommonWealth REIT, formerly known as HRPT Properties Trust, is a real estate investment trust which primarily owns office and industrial buildings located throughout the United States. The majority of its properties are office buildings located in suburban areas and central business districts, or CBDs, of major metropolitan markets. CommonWealth REIT is headquartered in Newton, Massachusetts.

Look at the hourly trading chart against the 20, 50 and 100 hourly moving averages to see what I mean:

1 - 96% Barchart technical buy signal

2 - Trend Spotter (tm) buy signal

3 - 20new highs and up 9.42% in the last month

4 - Relative strength Index of 73.23% and rising

5 - Trades around 27.64 with a 50 day moving average of 25.49

6 - Motley Fool CAPS members give it a 565 to 40 vote that the stock will beat the market

7 - Motley Fool All Stars vote 18. to 8 for the same result

Look at this one year chart to see why I am puzzled:I'd like to hear your comments.


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.

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