Retail REIT EPR Properties Could Test Its Long-Term Uptrend

 | Mar 09, 2017 | 2:33 PM EST
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EPR Properties  (EPR) has been in an uptrend for several years, but recent weakness on the chart could mean a test of this uptrend in the weeks ahead.

In this daily chart of Kansas City-based EPR, below, we can see a four-month selloff that resulted in the stock breaking below the 50-day and the 200-day moving average lines. From the mid-November nadir EPR made a recovery of a little more than half its decline. Prices have been unable to sustain themselves above the 50-day and 200-day averages. 

The On-Balance-Volume (OBV) line has generally moved up and down with the price action and is currently pointing down. The MACD oscillator has also weakened toward a possible move below the zero line and an outright sell signal.

In this three-year weekly chart of EPR, below, we can see that prices just closed below the rising 40-week moving average line. The weekly OBV line looks like it is turning down again and the MACD is barely above the zero line.

In this Point and Figure chart of EPR, below, we can see the durable uptrend going back to 2011. Prices are currently in a down column (Os) with support visible in the $70 to $66 area. Prices look like they can decline further to retest this area.

Bottom line: EPR has turned lower and could retrace all of its November to March advance. A break of the November low would be negative both in the short-run and the long-run. I can't say it will happen but investors should be prepared.

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