VEREIT Inc. ( $VER ) – stock is trading under 10 dollars and offering a possible buying price between $9.65 – $10.13. Let’s look at the stocks technical actions using a weekly chart.
2. The stock brokeout from a consolidation back in February on heavier volume.
3. The stock posted small gains after that, but went in to a kind of choppy consolidation.
4. Then the stock brokeout, but this time it made a quick, but a nice gain.
5. Then the stock fell into another choppy consolidation.
6. Though, the trades were choppy, the stock managed to find support at the 50 day moving average line.
7. The stock is offering possible buying price between $9.65 – $10.13, with a stop loss at $8.88.
This stock is already part of our Stocks Under 10 Dollars pick and performance will be tracked here.
