SUI trade ideas
Selecting the best of the best of the Russell 2000This chart sticks out to me because of the bull flag in the candle stick price action. I put arrows where the action fell on the price and the MACD, and with that said i think the price held it own very nicely. I think if the Down ward trend of the MACD breaks to the upside then there will be enough upside to this stock to further investigate.
could go not sure why this stock isn't in the stratisphere
filing that the CEO bought 25 million dollars worth of stock in august at a price higher than it is at rn
barclays went overweight in september w a price target of $232
the float is 114 million
bullish penant formation on daily/4 hour
waiting
Long Term Bullish Trend in #SUIFor last 5-6 years #SUI has been rising in a slow and steady bull run despite so many ups and downs in the market. It handled pandemic downtrend beautifully and came back to its original uptrend as soon as pandemic fear was over and its been rising secularly.
Currently its been under profit booking and this may last for next several weeks. Safe players can wait for profit booking to be over and buy when resumes its uptrend. Its a Buy till it falls upto 160 from current price. Its one such stock which is a Buy at every dip.
Disclaimer :
Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical charts and for educational purpose only. Please do your analysis before taking any trades given by me. I MUST not be held responsible for any profit or loss out of any trades you take on our advice. All Disclaimers Apply.
Our scanner pointed out SUI as a possible trading opportunity.
Current price is too high in the distance scale of 52-weeks highs and lows, according to the formula: .
The system identifies more buyers than sellers at this time, but due to high price, the system also predict price will fall to around $170-171 and will bounce back up, but lower than highest price.
Company was also compared to its competitors and has higher than average score.
Here's the algo trader best strategy to trade.
Market price is too risky. Set an alarm as shown in chart and then use the Take profit/Stop loss strategy.
$SUI 4 Month #Rectangle #ChartPattern$SUI is forming a rectangle chart pattern with multiple tests to the $150 price level. What is interesting about this setup is the strong accumulation of the stock for the last 3 days. I have highlighted these days in yellow on the chart. These huge volume days are a sign of institutional buying which would increase the possibility of a successful breakout.
$SUI:NYSE - SUN COMMUNITIES - Manufactured communitiesSun Communities popped up on one of my momentum scans and as well as an outstanding chart and year on year price growth, I really like the concept. Housing prices here in Australia have gone crazy with $1M+ needed to own a property in most major cities in Australia. I really like the idea of as alternative to apartments or tiny homes a happy medium using modern prefabricated materials to create comparatively inexpensive but comfortable housing. I can imagine this will be a more and more a desirable option. Well worth a watch.
$13B USD company :)
EBITDA (TTM) $591.087M
Gross Profit (FY) $650.935M
Last Year Revenue (FY) $1.127B
Sun Communities, Inc. is a self-administered and self-managed real estate investment trust (REIT). The Company is a fully integrated real estate company, which, together with its affiliates and predecessors, has been in the business of acquiring, operating, developing, and expanding manufactured housing (MH) and recreational vehicle (RV). As of December 31, 2016, it owned and operated or had an interest in a portfolio of properties located throughout the United States and Ontario, Canada, including 226 MH communities, 87 RV communities, and 28 properties containing both MH and RV sites. The Company operates through two segments: Real Property Operations and Home Sales and Rentals. The Real Property Operations segment owns, operates, or has an interest in a portfolio, and develops MH communities and RV communities throughout the United States and is in the business of acquiring, operating, and expanding MH and RV communities.