Technicalspeculator.com’s Trade-of-the-Week: Apartment Investment and Management (AIV)

By Tech_Spec
11-October-2019 3:50:51 PM
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This week’s trade comes from the real estate sector on the NYSE. With stable and declining interest rates, this industry group is outperforming all of the U.S. markets. Several highlights are the incredible surge of quarterly yoy earnings with 1,179.70 plus the new all-time high. This is a stock that is likely going much higher. Enjoy.

Company profile: Aimco is a real estate investment trust focused on the ownership and management of quality apartment communities located in select markets in the United States. Aimco is one of the country’s largest owners and operators of apartments, with ownership interests in 132 communities in 17 states and the District of Columbia. Aimco common shares are traded on the New York Stock Exchange under the ticker symbol AIV and are included in the S&P 500.

 

Fundamentals:

Trailing P/E: 8,78, Forward P/E: 205.08

EPS: 6.07, PEG: 3.08

P/S: 8.48, P/B: 4.50

Profit margin: 99.35%, Operating margin: 21.10%

ROA: 1.90%, ROE: 52.70%

Qrtly earnings growth: 1,179.70%

Current ratio: 0.30

 

 

Technicals:

Recently broke out of a 6-month consolidation

New 52-week high, New all-time high

Buying momentum is positive and rising

Buying volume is neutral

1st support level is at $52.00, Safety stop is at $50.90

The target is $60.75

Suggested buying approach: Buy a full position of AIV now. If the stock pulls back, as long as the move is above the safety stop level, wait for confirmation of support and then decide if a stronger position is needed.

For more investment ideas and market research, go to www.technicalspeculator.com and sign up for a free account. It’s painless and easy. Give it a go.

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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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