New 52-Week High Detected

Strong 10-month price uptrend continues... October 31, 2019 Reader, You're Eligible to Receive This $750 Credit. Our customer service agent Nicole Nixon uncovered an urgent opportunity… And you're eligible to receive $750. Click here now before this offer goes down this Sunday. New 52-Week High Detected Dear Chart Of The Day Reader, Welcome to the Chart of the Day. Just to refresh your memory… Since you signed up for my "One Trade Away Challenge" event, you'll be receiving this completely free benefit. Chart of the Day is a very special e-letter. It's a great companion to the PowerTrend Options trading service. But it also stands alone as its own powerful resource. You see, if you ever wondered how technical indicators can track and predict a stock's trajectory, but didn't know where to start, this free e-letter is for you. Each day, I pinpoint a certain indicator that's about to trigger movement in a stock or ETF. Then I send you a quick email blast that reveals what I found. I show you the stock's chart… identify the indicator I spotted… and explain if the stock will likely go up or down based on my analysis. Once you begin receiving my daily snapshots, you'll quickly see how these same indicators led me to win 10 trading championships over the last 35 years. So let's get right into it. Yesterday, we looked at a Keltner Channel chart of Home Depot, Inc. and noted that it was on a pullback from being overbought. Today's chart is for Invitation Homes, Inc. (NYSE: INVH). Invitation Homes is a REIT (Real Estate Investment Trust) and a leading owner and operator of high-quality single-family rental homes across America. The company has over 80,000 homes for lease in 17 markets across the country. Now, the Daily Price Chart below shows that INVH has been making a series of 52-Week Highs for the past year. Plain and simple… a stock just doesn't hit a new 52-Week High unless it is in a very powerful uptrend. Stocks in a price uptrend, as we know, do not advance in a straight line. There are always price retracements along the way. INVH experienced periodic price pullbacks during its strong advance from the lower left to the upper right of the price chart. Traders can get a lower risk entry point after a 3 to 5% price retracement as the stock normally resumes its price up trend after such retracements. We'll be sure to continue following Invitation Homes as it climbs to new heights, and watching for price retracements. Best Regards, Chuck Hughes Editor, Chart Of The Day THIS Marijuana Super-Greenhouse Is About To Change the Weed Market Located just 25 miles from Cleveland… is a super-greenhouse unlike anything we've ever seen. Listed at over 1.4 million square feet (equivalent to 9 full-sized Costco warehouses), this marijuana grow house is capable of producing over 341,000 pounds of weed a year! And on December 16th it comes online and could turn one tiny 60-cent marijuana company into the dominant player in the white-hot weed market. This is a fast-moving story… >>Click here now for details<< If you are having trouble receiving your Chart Of The Day subscription, you can ensure its arrival in your mailbox by whitelisting Chart Of The Day. © 2019 by Chart Of The Day. All rights reserved. This newsletter may only be used pursuant to the subscription agreement, and any reproduction, copying or redistribution (electronic or otherwise, including on the World Wide Web), in whole or in part, is strictly prohibited without the express written permission of Laissez Faire Books LLC, 808 Saint Paul Street, Baltimore, MD 21202-2406. To end your Chart Of The Day e-mail subscription and associated external offers sent from Chart Of The Day, click here to unsubscribe. This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. If legal advice or any type of assistance is needed, please seek the services of a competent professional. This material, produced by Chart Of The Day, is for informational purposes only. All technical information, instruction, and advice, reflect the beliefs of Chart Of The Day and are intended as informational only. Chart Of The Day is committed to protecting and respecting your privacy. We do not rent or share your email address. By submitting your email address, you consent to Laissez Faire delivering daily email issues and advertisements. Please read our Privacy Statement.