German property stocks continue to enjoy….

40

… momentum.

Insight:

Vonovia, a company providing real estate services with a market capitalization of $35 billion USD, appears promising based on recent momentum. In the past, once the shares have shown a new short term high, the trend has continued. On average +1.7% during the next 2 weeks with 7 out of the 9 occurrences showing positive returns.

Story:

Vonovia said that Germany’s Federal Cartel Office has approved its merger with Deutsche Wohnen. The combination of Germany’s two biggest real estate companies will create a landlord with more than 500,000 apartments.

Details:

NameVonovia
ViewUp
Star (1 to 10)7.6
Target+1.7%
Time2 weeks
Hit Rate78%

Chart 1: Vonovia Shares 2 weeks after the ‘insight’

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