Company: Iron Mountain Incorporated (Delaware) Ticker: IRM Exchange: NYSE Sector: Real Estate Introduction: Hello, and welcome to today's technical analysis. We are diving into the weekly chart of Iron Mountain Incorporated (IRM), a Real Estate company traded on the NYSE. Analysis: Taking a look at Iron Mountain's price movement, we can observe a series of...
An example of an ascending scallop that has completed and moved on to its more bullish phase
On the Weekly time frame we can observe that the candles are hitting the upper channel with a strong bull exhaustion. The Stochastic Momentum Index an the MACD on a Daily time frame are showing a bearish sign. I think we are going slowly in a distribution zone with sideways movements .
Long period of consolidation here and if it can get past this first red line (26.90 or so), then it's likely we'll reach 40 soon.
Iron Mountain has a terminal core business that is losing physical document storage at the local level to local competitors with "in town" connections. The shredding business is dying quickly. The data storage that they spent mountains of money on is plagued by inadequate resources and a shit sales team. The company has a huge debt and only held on in the recent...
Fundamental Catalysts remain strong If numbers are good, look for breakout to 35.75, and then 37.25 areas Take profit anywere above 37.50 before EoY These stocks have the highest dividend yields in the hot real-estate sector, FROM MARKET WATCH With the Federal Reserve cutting short-term rates twice recently and reversing its decision to shrink its...
lot of factors at play here on the 1 day candles chart. 1. gold cross attempt 2. Stochs at 0 multiple days 3. Impulsive move down from impulsive move above $34 4. Goldman bullish story published 5. recently off of ex-dividend/ record date 6. 9/20 calls/ puts at 32.50 resolved
hasn't boomed as much as comparable tech/ cloud companies - can move up if volume ramps target is $35 for next few months
Taking a 3/4 position long here @ 35 The almost 7% dividend gives me some downside risk tolerance. Upside target 39.75
Fresh demand zone at former resistance which suggests this zone will now act as a support level. Entry: $32.83 Stop Loss: $31.93 Target 1: $37