STAG chart looks like a potentially nice longer term buy
STAG has been trading within this channel for about 2 years now. Each time it has hit the bottom the channel, it has bounced back to the top of the channel.Adding the Bollinger Bands, this area is also near the bottom band, which has been acting as support pretty consistently. This is where you would look to long IMO.
If this pattern were to hold, would hold until the $41-$42 area and evaluate once it's there. This would be the first TP area, of approximately 20% gains.
If this were to convincingly close below that shaded area/channel, it would invalidate this idea, and I would take the L on it.
STAG also pays a monthly dividend of 0.1233/share
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.
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.