Market Overview

Realty Income Corp Has Major Near Term Potential Upside


Just the facts, folks. Just the facts. Look at the chart below on Realty Income Corp (NYSE: O). The drop has been dramatic but note the support level that was just tagged over the last few days. It is a major gap fill going back to the final trading day of 2012. This is a 100% retrace as well which is technically significant.

In addition, with the massive spike in rates, it is now rumored the Federal Reserve will come in and push them down. Should this be the case, stocks like Realty Income will have significant upside from the current level.

Gareth Soloway

The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

Posted-In: Markets Trading Ideas


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