The 20Y chart shows NNN is on a steady ascending channel .
The 20Y CAGR of NNN is 10.97% vs SPY's 9.86%
Out of the past 27 years, NNN traded below the middle of the channel for only 5 years.
It's now been trading under middle of the channel for 6 months. This is combined with that the RSI was at a historically oversold level and is turning up pretty decisively. If history is any indication, this alludes to years of strong performance.
Coming back to near term chart (above):
1. NNN is on a steady recovery from March low
2. Comparative strength against SPY is climbing up on increasing volume
3. Near term 21 EMA is pull up and away from 50 SMA and approaching 200 SMA
So I believe we are at a sweat spot to buy NNN for both near term and long term gain.
Thanks for reading!
The 20Y CAGR of NNN is 10.97% vs SPY's 9.86%
Out of the past 27 years, NNN traded below the middle of the channel for only 5 years.
It's now been trading under middle of the channel for 6 months. This is combined with that the RSI was at a historically oversold level and is turning up pretty decisively. If history is any indication, this alludes to years of strong performance.
Coming back to near term chart (above):
1. NNN is on a steady recovery from March low
2. Comparative strength against SPY is climbing up on increasing volume
3. Near term 21 EMA is pull up and away from 50 SMA and approaching 200 SMA
So I believe we are at a sweat spot to buy NNN for both near term and long term gain.
Thanks for reading!