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A Look At National Retail Properties

10/03/13 03:27:40 PM
by Koos van der Merwe

With a recovering US economy, property prices and rentals paid should start increasing.

Security:   NNN
Position:   Buy

National Retail Properties is a real estate investment trust company based in Orlando, Florida. The company owns a diversified portfolio of free standing retail stores across the United States. The company also pays a common and preferred stock dividend, declared and paid quarterly. The yield at a share price of $32.83 is an attractive 4.9%.

Figure 1. Omnitrader chart showing Vote line BUY signal.
Graphic provided by: Omnitrader.
 
The chart in Figure 1 shows a buy signal given on the vote line on September 18, 2013. The buy and stop signals on the vote line is a summation of the strategies shown in green below the vote line. The price at that date was flirting with the lower band line shown in blue on the chart. Note that previous "flirtations" with the lower band line resulted in the price moving up strongly. Both indicators, RSI 14-period and TDIJak, are trending upward. The external band is a 15-period simple moving average offset 50% positive and 50% negative. The Internal band shown is a 15-period simple moving average offset 2% positive and 2% negative.

Figure 2. Elliott wave count.
Graphic provided by: AdvancedGET.
 
The daily chart in Figure 2 shows the Elliott wave count and the JM Internal Band. The Elliott wave count is showing that the price is tracing a Wave 1 in a new bull trend. The JM Internal Band gave a buy signal on September 17, 2013, one day earlier than the vote line buy signal in Figure 1. The RSI 14-period indicator shown in the chart is trending upward.

With the recovery in the US economy on the charts, I would be a buyer of NNN for a long-term hold.



Koos van der Merwe

Has been a technical analyst since 1969, and has worked as a futures and options trader with First Financial Futures in Johannesburg, South Africa.

Address: 3256 West 24th Ave
Vancouver, BC
Phone # for sales: 6042634214
E-mail address: petroosp@gmail.com

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