EPRT has been on a steady rise since the crash of March 2020 and now it's challenging the all time highs from February 2020.
Fundamentally: * EPRT's expected to deliver a year-over-year increase in earnings * This may cause the price to go higher and make new all time highs
Technically: * EPRT's approaching it's all time highs and is expected to break above due to its earnings coming up. * Not much volume but it's relatively stable volume coming in
Trade idea: * Now would be a good time to get in if you want to be early * There's not much volume so we may see a small rejection from the resistance point
* For a conservative approach look for a daily break above $29.34 before jumping in. * A rejection from $29.34 may send it to retest the support of $28.70 so look for buying opportunities there as well.
Comentário
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We saw volume coming in yesterday and break the all time highs.
Trade ativo
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EPRT broke out with high volume and is now using $29.34 as support for the past 3 days since the break out. I've placed an order to enter at $29.60 and a trailing stop at $28.88 which was the low before the break.
Trade ativo
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Trailing stop is now at $29.71 making the trade in net profit.