Ventas: #PowerStocks Series Pick Of The Week (June 2024)

"That's so pretty! We need to go there." My wife exclaimed when she saw photos of i Light Singapore. Have you visited the exhibition? If you have, did you enjoy it? I'm looking forward to visiting it soon after fully recovering from my cold. Switching back to the stock market, the S&P 500 rose strongly, repeatedly breaking and forming new all-time highs. How did last week's #PowerStocks pick, Morgan Stanley (MS), perform?

Review Of Last Week's Pick Of The Week

Morgan Stanley (MS) was last week's stock pick of the week. I was gunning for its share price to rise above $98.50, its resistance zone, before buying them for a swing trade. But this didn't come to past, and I will be abandoning this trade idea. So, what's the swing trading opportunity for this week? Let's check out Ventas (VTR).

Why Is Swing Trading Ventas (VTR) Worth It?

Source: ventasreit.com

Ventas (VTR) is a real estate investment trust (REIT). It's this week's #PowerStocks pick for the reasons below. The performance of its shares has been impressive for the past 3 months, beating that of the S&P 500 by 2.7x! Although Ventas is a REIT, its upmoves have been highly explosive! This is good news as it means outsized returns for swing traders. Best of all, a pullback is here; a swing trading opportunity is just around the corner. What’s the price area I’m watching for an entry? Continue reading to get the details. P.S. What if I told you that you could drastically gain control over your emotions of fear and greed, and master the stock market in a short amount of time? My team and I have worked tirelessly to help you achieve results fast. Click on the banner below to claim your stock course for free (limited time) now!

Performance Of US Stock Market vs Ventas (VTR)

Looking at the comparison chart above, can you see that Ventas's share price is in a strong uptrend? Because its share price is trending higher, looking for buying opportunities is a good idea. Doing so will increase your chance of success. What can you tell about the performance of Ventas's shares? In the past 3 months, its share price has risen by nearly 12%, outpacing the S&P 500 by nearly 3x! Such outperformance is welcomed because you'll want to enjoy outsized returns as a swing trader. Thus, you'll want to proceed with analyzing the Ventas shares further.

How Explosive Is Ventas (VTR)?

You'll want to find out whether the upmoves of Ventas' shares have been explosive. You'll want to make your money in its shares worthwhile. Can you spot 13 upmoves in the past 11 months, ranging between 4.2% and 12.3%? For a $20b company, moves of such magnitudes are explosive! You can safely conclude that swing trading the shares of Ventas is worthwhile. But this doesn't mean you rush to buy its shares now. When is a better time to buy its shares for a swing trade?

Key Price Levels

To answer that question, let's identify its key price levels. Key price levels are support and resistance zones, price areas where Ventas's share price is likely to turn. Did you also identify the price area of $48.50 as its support zone? Thus, let's be patient for its share price to continue dropping to around $48.50 and bounce before buying its shares for a swing trade. Here's a tip: You'll want to set a price alert on your broker's platform to be notified so that you can spend precious time with your loved ones. Finally, this is for educational purposes. Please perform your due diligence. All images are taken from pexels.com, pixabay.com, sectorspdrs.com, tradingview.com, and unsplash.com, unless otherwise mentioned.

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The stock market is full of traps laid out by professional traders. Many new traders are often left confused by conflicting signs and signals. Worse still, ~80% of traders lose money. This is because trading isn't just about skill alone. It includes the mastery of your emotions. But what if I told you that you could quickly gain control over your emotions of fear and greed and master the stock market? My team and I have worked tirelessly to help you achieve results fast. Click on the banner below to claim your stock course for free (limited time) now!