Technicalspeculator.com Trade-of-the-Week: Gaming and Leisure Properties Inc. (GLPI)

By Tech_Spec
27-January-2019 2:16:15 PM
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week’s trade comes from the real estate sector of NASDAQ, sub section of specialty REITs.  As the US government shutdown is drawing to a close, the market is quickly swinging back to discretionary strength.  The trade this week is a good example of that returning power.  The highlights of stock are a reasonable multiple (20.23), a great dividend yield (7.02%), new 52-week high and a high ROE (15.95%).

Fundamentals:

Trailing P/E: 20.23, Forward P/E: 16.28%

PEG: 1.46, Beta: 0.71

P/S: 7.86%, P/B: 3.31

Profit margin: 38.95%, Operating margin: 62.44%

ROA: 4.96%, ROE: 15.95%

Qrtly earnings growth: 8.00%, Dividend yield: 7.02%

Additional fundamental data: https://finance.yahoo.com/quote/GLPI/key-statistics?p=GLPI

Technicals:

Recently broke out of an 19-month consolidation

New 52-week high, New 5-year high

Buying momentum (RSI) is positive and rising

Buying volume is neutral

1st support level is at $35.50, Safety stop is at $34.45

The target is $41.75

Suggested buying approach: Buy at the current price level.  Should GLPI pullback, wait for confirmation of support and then add to the position.  Always use a 3% trailing stop.

For more trading ideas and research go to www.technicalspeculator.com and sign up for a free account.

 

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Author: Tech_Spec

Canada’s only Master of Financial Technical Analysis (MFTA). This 4 – 5 year program offered by the International Federation of Technical Analysts (IFTA) in England is regarded as the global standard. • Instructor of Technical Analysis for the Canadian Securities Institute (CSI). My role is teaching market analysis to industry professionals. • Financial Technical Analyst offering 25 years experience in the financial and investment service industry. • Editor and owner of the Technicalspeculator.com, an on-line independent financial market research and newsletter website. • Registered Securities Advisor

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