CCI - Not financial advice
Updated
History says buying the oversold RSI excursions on this name and only exiting on the first overbought RSI excursion (daily chart) produced favorable results greater than simple buying and holding over the same period of time (roughly 18 months).
Google says they are a real estate investment trust, they pay a dividend. Probably not a bad IDEA to consider a long here if you are thinking about buying this name already, the question of buying calls, selling cash covered puts, or just buying shares is up to you.
Google says they are a real estate investment trust, they pay a dividend. Probably not a bad IDEA to consider a long here if you are thinking about buying this name already, the question of buying calls, selling cash covered puts, or just buying shares is up to you.
Trade active
This is NOT ADVICE..... Technically the strategy identified above is showing another Buy Signal, this one is increasing the previous position. Note
Taking the buy signals when already in a trade, doubling the current position size with each entry, this is a common and popular method of improving average cost per share.
This is not financial advice but meant to showcase the signals described in the original idea, and educate how to handle multiple buy signals without seeing an sell signal.
Each person has different financial requirements but as long as you only ever open positions equal to a small percentage to your account value, you can always add to positions and trading with cash is aways safer than margin.
All things, considered, as shown above, the cost basis is currently 132.43 and the market closed today at 138.62 leaving a profit of 6.19 in this hypothetical trade idea that has developed over some time.
Trade closed manually
buying these signals and choosing to close early would currently leave about 6.29 profit per share.Note
Well this manual exit aged well
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.