Essex Property Trust Inc. (ESS) – stock is trading around $322.18 dollars as of September, 18, 2019 and offering a possible buying price between $310.64 – $326.17. Let’s look at the stocks technical actions using a weekly chart.
2. The stock breakout back in early February.
3. The stock posted decent gains, right away.
4. The stock went into a consolidation mode after that. It lost the 50 day moving average support, but it recovered it right away.
5. The stock posted solid run once it cleared the consolidation.
6. The stock found support at the 50 DMA throughout the run. 7. The stock also saw more accumulation days, than distribution throughout this period.
8. The stock is offering possible buying price between $310.64 – $326.17, with a stop loss at $285.79.
This stock is already part of the Stocks Above 100 Dollars pick and performance will be tracked here .
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