Dear readers, there are twelve Singapore Reits and Business Trusts that are Overbought right now. Each of these stocks is trading with a 14-Day RSI of above 70.
The twelve Reits and Business Trusts are:
AIMS APAC Reit
ARA Hospitality Trust USD
Asian Pay Televison Trust
Far East Hospitality Trust
Frasers Commercial Trust
IReit Global
Keppel DC Reit
Lippo Malls Trust
Mapletree NAC Trust
Netlink NBN Trust
OUE Commercial Trust
SoilBuild Business Reit
While overbought stocks do not necessary mean these stocks will head south in prices soon, given the current stocks markets backdrop, it is likely stocks will trend lower. What’s more for overbought stocks.
Beside, the fundamentals of many businesses have changed so much so there is no certainty that equities including Reits and Trusts will continue to pay the usual typical high dividend yields going forward.
That’s it for my insights today. I Thank you once again for your support of SG STOCKS INVESTING, your Money and Lifestyle magazine! Connect with me here to follow the daily exciting and useful posts on these two blogs, Thank You for your support!
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