Trading Opportunities For SPG, HCA, GGP
Markus Gabel | Nov 23, 2016 05:00AM ET
Simon Property Group Inc (NYSE:SPG).:
Simon Property Group Inc. is one of the largest real estate holding companies worldwide. In particular, it is a self-governing and self-administered Real Estate Investment Trust (REIT). The company owns, manages, leases, acquires and expands lucrative shopping centers. Its portfolio consists of over 325 properties in various US states and Puerto Rico, which are completely or partially in the possession of the company.
These are regional, communal shopping centers and properties with multi-purpose uses. Furthermore, the company holds shares in numerous shopping centers in Europe, at seven premium outlet centers in Japan, and three further outlet malls in Korea, Malaysia and Mexico. The company is one of the largest lessors of commercial retail spaces within the USA. The rental contracts are generally concluded over several years in order to avoid frequent changes.
In the daily chart, the Simon Property Group Inc. stock stands shortly before a break of the small downward trend, which in turn is deep into the correction zone of the large upward trend between 206$ and 171$. This is exactly in line with our Dow Theory setup. This is why one can make an entry after the closing price breaks the 186.47$ mark. I would place the partial profit-takings at the $198 mark, at the 210$ level and at the point 2 at 229$. According to the general set of rules, the stop price for this trade is located beneath the correction zone at 170.5$.
HCA Holdings (NYSE:HCA):
HCA Holdings is an American clinic operator and is among the largest service providers in the health sector within the USA. Currently, HCA operates around 165 hospitals as well as over 110 further practice centers. In the hourly chart, the value is currently forming a bottom formation.
Since the stock has already corrected significantly and the value has run deep into the green correction rectangle, an entry could be chosen at $66. The target is located at the point 2 at approx. $83. The stop should be placed beneath the green box at $64.
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General Growth Properties Inc:
General Growth Properties Inc (NYSE:GGP). is an American real estate company. The company deals with acquiring, managing and leasing commercial premises. Included in the company’s portfolio are the shopping centers Ala Moana Center in Honolulu, Tysons Galleria in Washington D.C., Glendale Galleria in Los Angeles and Water Tower Place in Chicago. Along with shopping facilities, these shopping arcades also offer entertainment programs such as cinemas and restaurants.
Viewed in the short term, this value has a long dry spell behind it and now seems to want to slowly recover. A very good entry opportunity has become available here. For about two weeks now, a new, young uptrend with a correction zone between $25.36 and $23.89 has been developing.
After the last course high at $27.10, the price came significantly back and entered the green correction box once more. Although the price is still in the upper area of this box, if the entire market summons up enough strength, the price could pull directly up once again. The primary target is located at the last course high; the stop should be placed beneath the green box.
For presentation purposes the trading software “AgenaTrader” has been used.
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