$VICI - SAFE HAVEN - WATCHLIST- DIVIDEND 5.3% -
Added 2024-07-31 18:24:01 +0000 UTC$VICI has just raised its head above the trend line today at $31.30, a breakout we have been watching for the last 9 months.
As always, a breakout isn't enough, we want to see a breakout and retest of this level and then we have our buy signal.
$VICI has absolutely incredible margins:
Gross profit: 99%
Net Margin: 70%
A rate cut could trigger this sector into life again.
$VICI is therefore one to watch.
Holding above $31.30 and there is a straightforward route back to the green line at $35.70 in the short term, Wave 3 remains at the 1.618 Fib.
Comments
Great name. Suggestion: focus on AFFO rather than earnings when thinking about REITs
DC
2024-07-31 18:35:04 +0000 UTC
