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Zacks' Voice of the People highlights opportunities with iShares Dow Jones Real Estate, Simon Property Group and Vornado Realty Trust

 ZacksTrade Now

For Immediate Release

Chicago, IL – 01/31/2012 – Zacks highlights commentary from People and Picks Trader inthemoneystocks.

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Featured Post

Commercial Real Estate, Here Is the Trade

The commercial real estate sector has been on fire since October 4, 2011. At that time, the iShares Dow Jones Real Estate ETF traded as low as $46.70 a share. Last week, the important IYR closed at $60.78 which is a new six month high. This rally has been nothing short of sensational for the entire sector. The IYR is now overbought and extended in the short term.

Traders must begin to look for a pullback or at least some consolidation in the near term. The near term resistance levels for the IYR are around the $62.00, $70.00, and $74.50 areas. Should the IYR decline from its current price traders should watch for near term support around the $57.30, $56.10, and $55.00 levels.

Simon Property Group Inc is considered the best of the best when it comes to the commercial real estate stocks. This stock has surged higher by more than $30.00 since October 4, 2011 when SPG was trading around the $103.50 area. Last week, SPG closed at a new all time high at $136.69 a share.

The stock remains in a very strong uptrend by trading above all of the major moving averages. The only problem with SPG stock at this time is that it is a bit overbought. Traders should watch for near term resistance around the $138.00, and $143.00 levels. Should this market leading stock pullback or decline from its current price traders should watch for support around the $129.00, and $123.00 levels. SPG will report earnings on February 3, 2012.

Vornado Realty Trust is another leading commercial real estate company based out on New York City. Traders must understand that while this stock has been rallying higher over the past month it is still trading below its November 2011 high. This tells us that the stock is weak relative to the rest of the commercial real estate sector. Traders should watch for near term resistance around the $83.00, $85.00, and $89.50 levels.  Should VNO pullback from its current price there should be short term daily chart support around the $77.60, 76.20, 74.70, and $73.00 levels.

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Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.

Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.

Contact: Brent Billock

People & Picks Manager
Phone: 312-265-9307


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