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AIMS AMP Capital Industrial REIT: High yield with limited downside.

Thursday, December 23, 2010

The very low trading volume these days probably affirms talk that most traders are taking the rest of the year off. There is also not much to say with regards to the counters on my watchlist. Most are behaving in ways which I think they would be behaving.


I decided to take a look at AIMS AMP Capital Industrial REIT which has been holding steady for some time now. I like this REIT for its relatively high yield. However, price has been trapped in a tight range between 21.5c and 22c for many sessions now. What direction would it take in future?

The OBV is generally flat while the MACD has declined into negative territory. Although momentum has turned negative, volume is drying up. It is very likely that this counter could be trading sideways for some time to come. With the rising 200dMA at 21c, downside could be pretty limited. If the 200dMA were ever tested as support, I would probably buy more.  With an expected DPU of 2c in 2011, buying at 21c would mean a yield of 9.52%. All in good time.

Related post:
AIMS AMP Capital Industrial REIT: Revised DPU and fair value.

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