HIW offering an early entry with a pocket pivot setup?* Great earnings
* Strong up trend
* High 3-month relative strength in the Real Estate sector
* Pays out dividends very generously
* Recently broke out of a multi-year range dating back to 2016
* Recently used the resistance of that range ($43.99) as support
* Has been consolidating for the past ~6 months
* Offering a pocket pivot entry with very high volume and little to no overhead resistance
Trade Idea:
* Now's a great time to get an early entry before the actual breakout.
* If you're looking for a slight discount you can look for an entry near the $46.52 area as that should serve as support.
Caution:
* Pocket pivots do offer an early entry before the actual breakout and even though there's little to no overhead resistance, there's still a chance that it may not break out immediately.
HIW trade ideas
Falling US 10 Year T-Note Yield Vs Highwoods Properties: HIWAnother strong INVERSE relationship.
Look at HIW-Highwoods Properties. Here is another example of CAUSE & EFFECT you can use. A classic predictive tool.....
The INVERSE relationship when interest rates fall and real estate assets rise.
Highwoods Properties, Inc. is a real estate investment trust. The Company holds interest in approximately 30 million rentable square-feet of in-service properties, over 1.5 million rentable square-feet of properties under development and approximately 500 acres of development land.
They also currently pay a 3.05% dividend. Their earnings are due to be reported 08-02-2016.
I ask you to compare both channels on the above chart. There is a direct correlation between the falling yield and the rising stock price.
As always, good luck to you. Don.