$SPG making a comeback? (3/5)
Conviction: 3/5
there may be near-term pullback for better entry
General Thesis
Growth
Value
Fundamentals/Balance Sheet
Potential Risks
there may be near-term pullback for better entry
General Thesis
- recently bounced off (low confidence) long-term channel
- breakout from medium-term resistance (2016)
- although a bit of indecision around resistance line
- Weekly RSI is high, but did not stop continued rise from 2009 lows
Growth
- Margins high and growing
- growth is around 50th percentile
Value
- P/FCF about 50th percentile
- P/S high: about 80th percentile
Fundamentals/Balance Sheet
- rising rates could be good for REITs
- debt/asset ratio below 1
- quick ratio N/A
Potential Risks
- expensive market...
Trade closed manually
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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.
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.