We last looked at FRT way back on Aug. 12 and gave this assessment: "We don't know how this pandemic will ultimately play out and whether malls will survive or thrive in the months and years ahead. Meanwhile, the sense I get from these three charts is that FRT will need more base building AND signs that aggressive buying of the stock has returned. Until that is evident, I would look for other opportunities."
I think FRT's charts have improved so another visit is in order.
In the updated daily bar chart of FRT, below, we can see that the shares have been stuck in a large sideways trading range bounded by $65 on the low end and $100-$105 on the upper end. Prices show some new strength in November when they spiked up into the $90s for a while. FRT declined to retest the rising 200-day moving average line in early January and is now trading above the more sensitive but rising 50-day moving average line.
The trading volume looks like it has been more active since November but the On-Balance-Volume (OBV) line shows a downtrend into late January. Hopefully the OBV can start to improve from here. The Moving Average Convergence Divergence (MACD) oscillator has just edged up to a buy signal.