How To Trade American Campus Communities [ACC] Stock – 17 February 2017

How To Trade ACC Stock

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American College Campus [ACC] is scheduled to report after the close Tuesday 21 February 2017.  The stock is in a powerful uptrend on multiple timeframes and looks to have just successfully created a higher support level around $45.

Company Summary

American Campus Communities, Inc. is a fully integrated, self-managed and self-administered equity REIT with expertise in the acquisition, design, finance, development, construction management, leasing and management of student housing properties.

 

Metrics Snapshot

Stock Symbol: ACC
Snapshot Date: 2/19/2017
Market Capitalization: $6,557,434,452.00
52 Week High: $ $54.56
52 Week Low: $ $42.20
Current Price: $49.61
Yesterday’s Closing Price $49.56
Change (relative to yday close) $0.05
% Change (relative to yday close) 0.10%
Current Price % 52wk Range 59.95%
Most Recent Daily Open $49.64
Most Recent Daily High $49.81
Most Recent Daily Low $48.96
Earnings/Share (Most recent report) $0.82
PE (Price Earnings Ratio) 60.61
Beta 0.21

 

The Charts

ACC Quarterly — at this elevated level, all looks good for the stock.  Major support is down around $31.50, but intermediate support looks to be forming around $45.  
How To Trade ACC

 

ACC Monthly — On the slightly lower level, we see a good triangle pattern forming.

How To Trade ACC Stock

ACC Weekly — The weekly shows a more recent low around $47.

How To Trade ACC Stock

ACC Daily — Here at ground level, we see the $47 level looks like a good level to trade against potentially. 

How To Trade ACC Stock

ACC Intraday [4 Hour Chart] — Just below the surface, we have confirmation that $47 is a good, tight stop level to put our backs against on a long trade/change our minds if the level is penetrated before we take a position.

How To Trade ACC Stock

As always, do your own due diligence on all trading ideas — yes, even ours.

Hope it helps…

KIS,

The Trader