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Marcus & Millichap - All Time High

Topic: Stock Price Movements — Technical Analysis
Aug. 11 2015, 5:04 PM ET - by VF member vanmeerten (903 gold star (click for information on feedback))

Marcus & Millichap = All Time High --

The Chart of the Day belongs to Marcus & Millchap (MMI). I found the Specialty Real Estate Brokerage stock by using Barchart to sort today's All Time High list for the stocks with the highest Weighted Alpha, then looked for the stocks with at least 80% technical buy signals. I then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 7/20 the stock gained 7.40%.

Marcus & Millichap, Inc. operates a brokerage firm specializing in real estate investments. It offers commercial real estate investment brokerage services for multifamily, retail, office, industrial, land, self-storage, seniors housing, manufactured housing, and mixed-use/other property types. The company also provides a range of advisory and consulting services to developers, lenders, owners, real estate investment trusts, high net worth individuals, pension fund advisors, and other institutions. Marcus & Millichap, Inc. is based in Calabasas, California.

The status of 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:

96% Barchart technical buy signals
94.50+ Weighted Alpha
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
13 new highs and up 10.48% in the last month
Relative Strength Index 60.83%
Barchart computes a technical support level at 47.88
Recently traded at 52.09 with a 50 day moving average of 48.27

Fundamental factors:

Market Cap $1.93 billion
P/E 31.52
Revenue expected to grow 22.70% this year and another 10.80% next year
Earnings estimated to increase 36.20% this year, an additional 13.90% next year and continue to increase at an annual rate of 25.00% for the next 6 years
Wall Street analysts issued 2 strong buy, 1 buy and 1 hold recommendation on the stock.

The 50-100 Day MACD Oscillator has been an extremely good technical trading strategy on this stock.


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Marcus & Millichap - All Time High