Istar Is The Chart Of The Day

Summary

  • 100% technical buy signals.
  • 14 new highs and up 13.83% in the last month.
  • 110.35% gain in the last year.

The Barchart Chart of the Day belongs to the REIT iStar Financial (NYSE: STAR). I found the stock by using Barchart's powerful screening tools to find the stocks with the highest Weighted Alpha and technical buy signals. That resulted in a watch list of 48 stocks. After I sorted for the most frequent number of new highs in the last month, I used the Flipchart feature to review the charts for consistent prices appreciation. Since the Trend Spotter signaled a buy on 6/11 the stock gained 43.14%. 

Image result for iStar Financial Logo

iStar Inc. is focused on reinventing the ground lease sector, unlocking value for real estate owners throughout the country by providing modern, more efficient ground leases on all types of properties. As the founder, investment manager, and largest shareholder of Safehold Inc. (NYSE: SAFE), the first publicly traded company to focus on modern ground leases, iStar is helping create a logical new approach to the way real estate is owned and continues to use its historic strengths in finance and net lease to expand this unique platform. Recognized as a consistent innovator in the real estate markets, iStar specializes in identifying and scaling newly discovered opportunities and has completed more than $40 billion of transactions over the past two decades.

STAR

Barchart technical indicators:

  • 100% technical buy signals
  • 127.16+ Weighted Alpha
  • 110.35% gain in the last year
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 14 new highs and up 13.83% in the last month
  • Relative Strength Index 72.92%
  • Technical support level at 25.71
  • Recently traded at 26.40 with a 50 day moving average of 21.89

Fundamental factors:

  • Market Cap $1.88 billion
  • Dividend yield 1.94%
  • Revenue expected to decrease this year
  • Earnings estimated to increase 51.90% this year
  • Wall Street analysts issued 1 strong buy and 1 buy recommendation on the stock
  • The individual investors following the stock on Motley Fool voted 322 to 41 that the stock will beat the market. Their more experienced investors voted 54 to 5 for the same result
  • 6,670 investors are monitoring the stock on Seeking Alpha

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase ...

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