BALTIMORE (Stockpickr) -- Move over, momentum. The stocks that no one thought would do anything in 2014 are the ones raking in the biggest gains this year. And real estate investment trusts, or REITs, have been one of the biggest winners since the calendar flipped to January.
Since the start of the year, the S&P 500 has dropped 1%, while the Dow Jones Equity All REIT Index, a basket of all publicly traded U.S. REITs, is actually up more than 7.5% over the same stretch.
That's not hugely surprising. Despite some overtures to the contrary, the Fed remains hugely accommodative right now, and rate-sensitive stocks such as REITs are benefiting as cash moves from 2013's big momentum equities to income names. Don't worry if you missed the move in this sector. Right now, there are some attractive trading setups shaping up in some of the biggest REITs once again.
Today, we'll take a technical look at five of them.
For the unfamiliar, technical analysis is a way for investors to quantify qualitative factors, such as investor psychology, based on a stock's price action and trends. Once the domain of cloistered trading teams on Wall Street, technicals can help top traders make consistently profitable trades and can aid fundamental investors in better planning their stock execution.
Without further ado, let's take a look at five technical setups worth trading now.