Stag: trendlines broken new lines filled STAG ...what can we say technical about it.
The purple is a long term July '2017 trend line and the pink is a Aug '2018 trend.
We pass the 2017 trend line and are now touching, ever so slightly, the 2018 trend line.
We passed all resistance levels (long ago) and we are $3 a share away from the 50MA.
In the short term we expect some profit taking and a pull back but with the limited supply of large industrial spaces (suitable for ecommerce or distirubtion) we don't see a problem keeping these levels in tact.
Happy upside trading on STAG
