NexPoint Residential Trust - NXRT Short Setup An early sign of a short setup forming on NXRT. I'll be waiting for the short zone, and taking smaller entries at the bottom of the zone vs the upper edge, in order to get the risk/reward I'm looking for.Shortby MicDrop50
Beginning Wave 5 heading to $52Break out of resistance trend line. Completed Wave 4 and beginning of Wave 5. MACD crossed and diverged. Above SMA 50. All angles up. Looks good toward first Fib target $52. Entry around $44.50, Stop Loss $40. Happy earning!Longby OnePointScalpUpdated 0
$NXRT:NYSE - NEXPOINT RESIDENTIAL - Residential REIT up 45% YTDAnother REIT trending nicely. Worth a watch in these turbulent economic times. It's at the midpoint on its 90 day linear regression channel with an RSI in the low 60's so could still be some value there. It's trading within an 8% range in the channel so not too volatile and easier to set stops - especially trails. NexPoint Residential Trust, Inc. is an externally managed real estate investment trust (REIT). The Company's investment objectives are to maximize the cash flow and value of properties owned, acquire properties with cash flow growth potential, provide quarterly cash distributions and achieve long-term capital appreciation for its stockholders through targeted management and a value-add program. The Company is focused on multifamily investments primarily located in the Southeastern and Southwestern United States. All of the Company's business operations are conducted through NexPoint Residential Trust Operating Partnership, L.P. (OP). The sole limited partner of the OP is the Company. Its subsidiary, NexPoint Residential Trust Operating Partnership GP, LLC, is the sole general partner of the OP. As of December 31, 2016, the Company owned 39 properties representing 12,965 units in eight states, including two Parked Assets. The Company's advisor is NexPoint Real Estate Advisors, L.P. Longby zAngus3
Small REIT trading at a good discount to NAV.Good reit trading at a discount. Closely held by insiders. Longby MaksimFA1