Option Investor
New Plays
HAVING TROUBLE PRINTING?
Printer friendly version
New Plays
Long Plays
Short Plays
None HR

New Long Plays

None today.
 

New Short Plays

Healthcare Rlty Trust - HR - cls: 35.32 chg: -1.40 stop: 37.01

Company Description:
Healthcare Realty Trust is a real estate investment trust that integrates owning, managing and developing income-producing real estate properties associated with the delivery of healthcare services throughout the United States. As of March 31, 2006, the Company had investments of approximately $2.0 billion in 250 real estate properties and mortgages, including investments in unconsolidated limited liability companies. The Company's 236 owned real estate properties are comprised of six facility types, located in 27 states, totaling approximately 12.7 million square feet. The Company provides property management services to approximately 7.0 million square feet nationwide. (source: company press release or website)

Why We Like It:
Investors were not happy with HR's Q1 earnings report on Wednesday. The stock gapped lower today and lost 3.8% on volume about three times the average. Today's decline is a technical breakdown below support near $36.00 and its simple 100-dma. To make matters worse HR has produced a bearish double-top pattern over the last couple of months and its P&F chart points to a $22 target. We are suggesting shorts with HR under $36.00, which as broken support should now act as new overhead resistance. Our target will be the $32.50-32.00 range.

Picked on May 04 at $35.32
Change since picked: + 0.00
Earnings Date 05/03/06 (confirmed)
Average Daily Volume: 212 thousand
 

Premier Investor New Play Archives