Hudson Pacific Properties continues its bullish trend in order to test new highest level.
The companys fundamentals are still strong. Sales are up 15.9% for one year. Analysts from Thomson Reuters consensus have revised largely upward their EPS estimates.
Technically, the security is in an uptrend on all time scales and it is supported by moving averages. The bullish trend will not be stopped until prices are above the USD 21.25 short term support. This trend should allow the stock to reach its USD 24.4 mid-term resistance, which will be the first target price.
It seems opportune to take a long position at the current price. The bullish trend should allow the security to reach the USD 24.4 resistance. A stop loss will be set under the USD 21.25 short term support to avoid a downtrend.
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Owns, operates and acquires office, media and entertainment propertiesHudson Pacific Properties, Inc. owns, operates, and acquires office, media, and entertainment properties.It operates through the Office Properties, and Media and Entertainment Properties segments.The Office Properties segment...