Read today's promising find and trading idea for the stock market.
The Chart of the Day belongs to NexPoint Residential Trust (NXRT). I found the stock by using Barchart.com to find “Barchart New Highs” page and then I clicked on pull-down to select stocks with new 52-week highs. I then viewed the stocks on the list with the FlipCharts feature. NexPoint on Wednesday rallied sharply by +1.60% and posted a new record high. NexPoint was one of the few stocks to close higher on Wednesday with the stock market rout that produced a -3.3% sell-off in the S&P 500 index and a -4.4% sell-off in the Nasdaq 100 index. NexPoint is a small-cap stock with a market cap of about $700 million. Barchart’s proprietary TrendSpotter trading system has been long since Sep 27.
NexPoint Residential Trust, Inc. is engaged in acquiring, owning, operating and selectively developing multifamily properties. It operates primarily in the Southeastern United States and Texas. NexPoint Residential Trust, Inc. is based in Dallas, United States.
