Apollo Commercial Real Estate Inc: A Good Play
This company operates as a real estate investment trust that primarily originates, acquires, invests in and manages commercial first mortgage loans, subordinate financings, commercial mortgage-backed securities, and other commercial real estate-related debt investments in the United States. The current yield stands at lofty 10.4%
Like SNH, the stock looks attractive on the weekly charts, and a bullish crossover on the MACDs should push it to a series of new 52-week highs.
The monthly chart shows that the MACD, surprisingly, are trading in what we would label as the “minimum oversold ranges”.
Suggested strategy
Purchase one lot in the 16.50-16.80 ranges
Deploy one more lot in the 15.70-15.90 ranges
If it happens to drop to or below 15, use the last 1/3rd of your funds to purchase an additional position.
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