By Jim Van Meerten
This afternoon I added Lexington Realty Trust (NYSE:LXP) to the Barchart Van Meerten Speculative portfolio. LXP is a real estate investment trust (REIT) engaged in the ownership, operation, management of a diverse portfolio of real properties.
- 100% Barchart technical buy signal
- 16 new highs and up 13.50% in the last month
- Relative strength Index 73.30% and rising
- Trades around 9.09 with a 50 day moving average of 8.13
- Wall Street brokerages have published 5 buy and 3 hold recommendation based on projections of growth in revenue and earnings
- Investor sentiment on Motley Fool has CAPS members voting 177 to 16 that the stock will beat the market with the All Stars in agreement 93 to 3
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Jim Van Meerten is a professional investor with over 40 year experience in investing in stocks, mutual funds and ETFs. He shares his knowledge on Barchart in his daily blogs – Barchart Portfolio Blogs.
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