Summary

• 100% technical buy signals.
• 20 new highs and up 18.28% in the last month.
• 35.21% gain in the last year.

The Barchart Chart of the Day belongs to the REIT Rexford Industrial Realty (NYSE: REXR).  I found the stock by sorting the stock of the Russell 3000 Index first by the most frequent number of new highs in the last month, then used the Flipchart feature to review the charts for consistent price appreciation.  Since the Trend Spotter signaled a buy on 10/15 the stock gained 11.46%.

Rexford Industrial, a real estate investment trust focused on owning and operating industrial properties throughout Southern California infill markets, owns 232 properties with approximately 27.9 million rentable square feet and manages an additional 20 properties with approximately 1.0 million rentable square feet.

Barchart technical indicators:

• 100% technical buy signalsges
• 42.63+ Weighted Alpha
• 35.21% gain in the last year
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 20 new highs and up 18.28% in the last month
• Relative Strength Index 76.29%
• Technical support level at 67.62
• Recently traded at 68.04 with a 50 day moving average of 61.53

Fundamental factors:

• Market Cap $10.31 billion
• P/E 44.41
• Dividend yield 1.42%
• Revenue is expected to grow 35.50% this year and another 24.30% next year
• Earnings are estimated to increase 31.40% this year, and another 6.00% next year and continue to compound at an annual rate of 10.00% for the next 5 years
• Wall Street analysts issued 6 strong buy and 2 hold recommendations on the stock
• 2,720 investors are monitoring the stock on Seeking Alpha