Trade-Ideas LLC identified

Gramercy Property

(

GPT

) as a "barbarian at the gate" (strong stocks crossing above resistance with today's range greater than 200%) candidate. In addition to specific proprietary factors, Trade-Ideas identified Gramercy Property as such a stock due to the following factors:

  • GPT has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $22.6 million.
  • GPT has traded 803,348 shares today.
  • GPT traded in a range 201.5% of the normal price range with a price range of $1.28.
  • GPT traded above its daily resistance level (quality: 176 days, meaning that the stock is crossing a resistance level set by the last 176 calendar days. The resistance price is defined by the Price - $0.01 at the time of the signal).

Stocks matching the 'Barbarian at the Gate' criteria are worthwhile stocks to watch for a variety of factors including historical back testing and volatility. Trade-Ideas targets these opportunities because the stock is exhibiting an unusual behavior while displaying positive price action. In this case, the stock crossed an important inflection point; namely, 'resistance' while at the same time the range of the stock's movement in price is more than twice its normal size. This large range foreshadows a possible continuation as the stock moves higher.

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More details on GPT:

Gramercy Property Trust Inc is an equity real estate investment trust. The firm invests in the real estate markets of the United States. It makes investments in industrial and office properties to create its portfolio. The firm was formerly known as Gramercy Capital Corp. The stock currently has a dividend yield of 0.7%. GPT has a PE ratio of 18.

The average volume for Gramercy Property has been 422,500 shares per day over the past 30 days. Gramercy Property has a market cap of $1.3 billion and is part of the financial sector and real estate industry. The stock has a beta of 1.70 and a short float of 6.2% with 3.91 days to cover. Shares are up 7.7% year-to-date as of the close of trading on Thursday.

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