Company profile: Equity Commonwealth (NYSE: EQC) is a Chicago based, internally managed and self-advised real estate investment trust (REIT) with commercial office properties in the United States. As of June 30, 2018, EQC's portfolio comprised 13 properties and 6.3 million square feet.

Fundamentals:

Trailing P/E: 16.69

Forward P/E: N/A

EPS: 1.85

Beta: 0.18

P/S: 14.60

P/B: 1.13

Profit Margin: 92.07%

Operating Margin: 13.56%

Dividend yield: 8%

Current Ratio: 57.97

Addition fundamental data: https://finance.yahoo.com/quote/EQC/key-statistics?p=EQC

Technicals:

Recently broke out of a 19-month consolidation

New 52-week high

New all-time high

Buying momentum (RSI) is positive and rising

Buying volume is neutral

1st support level is $30.00

The safety stop is at $29.49

The target is $35.25

Suggested buying approach: Buy EQC at the current price level. If EQC pulls back, as long as the price is still above the safety stop, wait for confirmation of support and then add to the position.

By Donald W. Dony, FCSI, MFTA
www.technicalspeculator.com

COPYRIGHT © 2018 Donald W. Dony
Donald W. Dony, FCSI, MFTA has been in the investment profession for over 20 years, first as a stock broker in the mid 1980's and then as the principal of D. W. Dony and Associates Inc., a financial consulting firm to present. He is the editor and publisher of the Technical Speculator, a monthly international investment newsletter, which specializes in major world equity markets, currencies, bonds and interest rates as well as the precious metals markets.

Donald is also an instructor for the Canadian Securities Institute (CSI). He is often called upon to design technical analysis training programs and to provide teaching to industry professionals on technical analysis at many of Canada's leading brokerage firms. He is a respected specialist in the area of intermarket and cycle analysis and a frequent speaker at investment conferences.

Mr. Dony is a member of the Canadian Society of Technical Analysts (CSTA) and the International Federation of Technical Analysts (IFTA).

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