$KRC

BreakOut Alert Update: This High-Ranked REIT Needs to Hold Recent Lows

James F. Taulman BreakOut

– James F. Taulman, former Editor-in-Chief of the first independently licensed website to offer stock reports and services based on the CAN SLIM® investment system.

 

NOTE: Below is a quick update on a recent BreakOut Alert from our daily – Stock WatchList: Morning Update.

The stock (seen below) was first featured in our…
Stock WatchList: Morning Update …before it broke out.

Each market morning we email our watch list of hand-selected, high-ranked stocks that are setting up in bullish technical bases of consolidation. Each “set up” is listed with specific buying criteria such as a TRIGGER PRICE, TRIGGER VOLUME, MAX BUY PRICE.

Throughout the trading day, BreakOut Alerts are issued (via email and text message – sign up here) when a stock from the day’s watch list trades above its posted TRIGGER PRICE.

Below is an update on a recent “BreakOut Alert” from the Stock WatchList: Morning Update.

For those who bought this breakout, support levels have been updated.

 

Kilroy Realty Corp (NYSE – KRC)

Kilroy Realty Corporation (KRC), a publicly-traded real estate investment trust and member of the S&P MidCap 400 Index, is one of the West Coast’s premier landlords.

Since mid-summer shares of KRC had been building a flat base near new highs.

This stock was added to our watch list and premiered in our Stock WatchList: Morning Update on Monday, Oct., 14th at 8AM.

 

SYM LAST ADDED TO WATCH LIST BREAK
OUT
PRICE		 BREAK
OUT
DATE
KRC $82.85 10/13 $80.76 10/24

Chart services courtesy of stockcharts.com. Annotations by James Taulman.

MAX BUY
PRICE		 1st
SUPPORT		 2nd
SUPPORT		 MAX STOP
LOSS GUIDE		 CURRENT
% GAIN/LOSS
$84.80 $82.00 50 DMA $74.30 +2.59%

 

Several sessions later, the stock broke out above its TRIGGER PRICE of $80.76 as the company announced its quarterly earnings.

Shares traded consecutive higher for the next several sessions (with volume conviction), continually posting new all-time highs, making quick gains of nearly +5%.

Early in November, the stock started to pull back while daily volume totals cooled.

This past Thursday’s gains of +0.7% with a +80% increase in volume were somewhat encouraging, however, the negative reversal the next day as the market soared to new highs is a concern.

Shares need to definitively break out of the current short-term downtrend, illustrated with the blue lines on the chart above.

On the downside, a break below the recent low near $82.00 (bright green line) would be an increased concern.

Are you missing out on what is the easiest way to buy high-ranked breakouts like KRC?

Don’t miss the next opportunity. Give yourself a head start on each trading day’s breakouts with our:

Stock WatchList Morning Update

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PLUS: Get instant access to any current buyable breakouts, our new Members Home Page and the latest watch list of high-ranked stocks which will be included in the next Stock WatchList: Morning Update.

See which high-ranked stocks are breaking out or are looking poised to break out of their bullish bases.

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About the Site’s Founder

For more than 8 years James had served as Editor-in-Chief an independently licensed website that offered stock reports and services based on the CAN SLIM® investment system.

He has developed a knack for being able to quickly and accurately analyze high-ranked stocks based on this winning investment strategy.

Over the years, Mr. Taulman has enjoyed assisting individuals from professional money managers to private investors with their needs in relation to implementing this investment approach on a daily basis in the current marketplace.

Each Sunday you could hear him deliver his weekly market report as part of the “Your Money Matters” radio program on ABC and CBS radio networks.

 

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