Vici Properties (ticker: VICI) momentum breakout alert!

TRADING IDEA

VICI Properties, Inc. is a real estate investment trust, which owns, acquires and develops gaming, hospitality and entertainment properties... Read the full profile here.

STRATEGY

Momentum Breakout Setup (Short term)

• strong increase during last trading session (+3.5%)
• impressive buying volume
• closing price higher than $30.5 (current resistance)

ACTUAL SETUP

• Buy Stop | $31.04
• Limit | $31.10
• Stoploss | $29.49 (below last bar)
• Target | Hold between 2 - 5 days or next target (+/- $32)

STOCK SCREENING SETTINGS

Through this link you can check the other stocks that were also withheld with the same screen filter (28/04/2022- EOD).

ADDITIONAL INFO/TIPS

• Please be aware that VICI Properties announces quarterly earnings on date of 2022-05-04 (after market close)!
• Use our ChartMill Postion Sizing Tool to calculate the maximum number of shares you can buy, depending on your available capital!
• Why using Stop Limit Orders?

Disclaimer: These trading ideas are merely to demonstrate what ChartMill is capable of and shows some typical results of a breakout filter. It is in no way actual financial advise to invest or trade in these stocks. The author has no pre-existing position in any of these stocks.