ADC - Long Setup ADC (Agree Realty Corporation):** Showing a smart meter divergent signal at the bottom of a downward channel, with a target around 74.90. Potential entry around 72.33 with a stop at 70.93.
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35.74 MXN
2.88 B MXN
9.13 B MXN
101.68 M
About AGREE REALTY CORP
Sector
Industry
CEO
Joel N. Agree
Website
Headquarters
Royal Oak
Founded
1971
FIGI
BBG01751G1M1
Agree Realty Corp. is a real estate investment trust, which focuses on the ownership, development, acquisition, and management of retail properties net leased to national tenants. It specializes in acquiring and developing net leased retail properties for retail tenants. The company was founded by Richard Agree in 1971 and is headquartered in Royal Oak, MI.
ADC maybe adding to long-term accountI have never really gotten into reits and tend to avoid most real-estate focused equities. I have been watching ADC for a while and have watched other investors cover the stock. From a technical perspective it looks to be waking up on the weekly. ADC pays a yearly dividend of around 5% and this is p
ADC - Similar Formations Similar continuation patterns with the top of the pattern being along the green trend line.
Each pattern led to bullish continuation.
The most recent formation is the largest which may play a part in the continuation extent, or the continuation ability.
ADC Agree Realty Corp Long ideaNYSE:ADC
Agree Realty Corp showing signs of trend continuation on the long side.
The price had corrected from the previous June high and consolidated around $68-70 range.
It look like it might be ready for the next swing up.
ADC getting ready for massive breakoutThe consolidation is extetensive. Expect it to move sideways for a few days as the spring coils and shoots up 10-15%.
ADC - long in couple weeksADC is trading in the range.
If (or when) it reaches 62, it will be a good signal for a long position with take-profit at 65.
Strong support allows to set tight stop-loss.
Waiting to see how it develops within couple weeks.
Inverted hammer at resistanceDISCLAIMER. This post is for educational purposes only and should not be construed as investment advice. Your use of the stock observations is entirely at your own risk and it is your sole responsibility
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