Farmland Partners Inc.
Long

$FPI is coming up on the right side of its base!

51
Notes:
* Strong up trend
* Not the best earnings record but the last report was really good
* Creating a base within a base
* Recently broke above historical highs of 14.42
* Increasing volume since the last earnings report
* Recently bounced off of the 50 day line with bullish price action and volume

Technicals:
Sector: Real Estate - REIT - Specialty
Relative Strength vs. Sector: 1.23
Relative Strength vs. SP500: 2.49
U/D Ratio: 1.25
Base Depth: 22.36%
Distance from breakout buy point: -9.29%
Volume 57.34% above its 15 day avg.

Trade Idea:
* You can enter now as the price is just coming off of the 50 day line with increasing volume
* If you're looking for a better entry you can look for one around the 14.42 area as that should serve as support moving forward

* This stock usually has local tops when the price closes around 18.47% above its 50 EMA
* Consider selling into strength if the price closes 18.27% to 18.67% (or higher) above its 50 EMA
* The last closing price is 4.8% away from its 50 EMA

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