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Wednesday, October 1, 2014

Pair Of REITs Emerge Among New-Issue Leaders



Investor's Business Daily - Investing RSS http://ift.tt/1vyDjDh A couple of real estate investment trusts have come on the IPO Leaders screen and are forming bases. Orchid Island Capital (ORC) is not so new, having gone public in February 2013. The stock remains below the IPO price of 15 a share. It is forming a new base with a buy point at 14.55. Orchid's Accumulation/Distribution Rating is weak, and the base has three down weeks in big volume. That indicates the stock needs more time to work through its


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