RLJ Lodging Trust (NYSE:RLJ) is the Barchart Chart of the Day. The Hotel REIT has a Trend Spotter buy signal, a Weighted Alpha of 39.73+, gained 37.99% in the last year and paid a 3.56% dividend.
The Chart of the Day is RLJ Lodging Trust (RLJ). I found the hotel REIT by sorting the RLJ Lodging Trust list for the stocks having the most frequent new highs in the last month then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 10/14 the stock gained 13.06%.
RLJ Lodging Trust is a REIT focused on investing primarily in premium-branded, focused-service, and compact full-service hotels. It plans to own hotels concentrated in urban and dense suburban markets.
Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.
Barchart technical indicators:
Fundamental factors:
The most effective technical trading strategy on this stock has been the 50 – 100 day MACD Oscillator and I recommend you use that to find an exit point.
