The RSI is trading above 70. This could mean that either the stock is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day MA (respectively at 1.26 and 1.25). Finally, First REIT has crossed above its upper daily Bollinger band (1.31).
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Monday, July 18, 2016
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