SHO trade ideas
A $SHO of powerPrice has crossed the 50 EMA which is a positive sign for upward trend. The 10 EMA is also very close to crossing the 50 ema. The other indicators also show upward trend is in play. Enjoy.
$SHO #Watchlist #FutureLong #Support #Trading #REITEPS this year is -48%
EPS Next year +87%
RPA -1%
ROE -2.4%
Gross Margin 62%
Profit Margin -5.4%
No Dividend for this REIT
I think this may retest its old bottom, find support and be a potential long again if it can get topside the 20dma to run up the channel again
SHO - Ping Pong GameTimes of uncertainties is driving the markets and the most businesses depending on tourism and travels are on "stand by".
There are a lot of REITs out there leveraging profits with a high debt to cash or asset ratio. Sunstone Hotel is one of the more stable one with an outlook for a strong balance sheet. With around $900 mio in current assets, this company could survive for around 2,5 to 3 yrs without revenue - according to Q1 meeting.
My Idea is to Ping Pong the underlaying with options, selling premium, monthly.
if price is "relative" low: short 7.5 puts
if price is "relative" high: short 10 calls
Enjoy :D
$SHO daily chart bullish breakout #stocks #trading #charts$SHO has been trading all year inside a descending triangle that it breakout from on the 9th of SEP
After a small run up it hit a local high of 14.05 and since then it has slowly retraced inside a parallel channel towards the retest of the descending triangle
It has now completed the retracement and Friday it has broken the downward parallel channel on decent volume
Short term target (T1) is the 14.05 high and the long term target (T2) is the measured move from the descending triangle breakout that stands around 16.08
Possibility of SHO in 2019Based on charts and analysis, I'm seeing this declining until about June/July 2019, stabilizing from 2019 to 2020 then coming out positive in 2020 to the start of the year, as long as markets cooperate.
Enjoy your Divident Yields if you are holding!
Current market for SHO (12/20/2018): VOL: 4.032M ; AVG VOL: 2.535M ; SHARES: 228.24M ; DIV YIELD: 15.56196%
SHO
SHO breakout ideasSHO looks like it might breakout above the current resistance located at $15.90. STOC shows that current price is not overbought unlikely previous attempt to break out at the 27 April. However, the price might fail to break above resistance, await confirmation on the next trading day
HS bottom in another hospitality stock FO $SHOThis HS bottom has been triggered. Cup with handle forming just above neckline. Seems like a definite poss. If you like this check out HOST and other like industry names also looking good.
