Long Position on MMI @ $45.50 on 9/22/2015 (Fundamentals)

200-day MA Support on MMIMarcus & Millichap, Inc. (MMI) provides investment brokerage and financing services to sellers and buyers of various types and sizes of commercial real estate assets in the United States and Canada.

The company offers commercial real estate investment brokerage services for multifamily, retail, self-storage, hospitality, seniors housing, multifamily tax credit and affordable housing, and manufactured housing property types. It also operates as a broker of debt financing for commercial properties.

In addition, the company provides research services on various commercial property types; and a range of advisory and consulting services to developers, lenders, owners, real estate investment trusts, high net worth individuals, pension fund advisors, and other institutions. 

Shares have rebounded from the stock's 200-day moving average (shown in red), and higher share prices are expected for this stock. Today's expected weak opening for the market should provide a better entry point for this stock. If you decide to take a position, use a limit order and not a market order.

 

52-Weeks Trading Range: $25.16 - $53.92

Entry Point: $45.50

Stop Loss: $43.10

Target Price: $50.00

Updates

11/2/2015 12:29:48 PM

MMI closed at $44.16 after its 30 days expired.

Position closed on 11/2/2015 at price of $44.16 with a -2.95% loss in 41 days.

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