Breakout Long Trade in KIM
Kimco Realty is inches from triggering a fresh breakout buy. After consolidating for the last 4 months, price has tightened and the stock appears to have moved from weak hands to strong. The final shakeout on Sept 30 likely triggered the last wave of stop losses, and the path of least resistance is now long.
There is clear resistance near the $22 mark. Consider buying on a break of $22.25 with a stop beneath the swing low at $20.70.
There is clear resistance near the $22 mark. Consider buying on a break of $22.25 with a stop beneath the swing low at $20.70.
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