Equity LifeStyle Properties, Inc. (ELS)

Purchase Info

Stock Price History

Stock Price Video

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Our View

Equity Lifestyle Properties is a real estate investment trust (REIT) that specializes in manufactured home and RV campgrounds. The manufactured home segment is often regarded as the future of affordable homes. It is relatively low capex and has high scalability. Additionally, the US housing market has witnessed a strong rebound lately. These factors point to bright longer term growth prospects for Equity Lifestyle Properties.

The long term monthly chart for Equity Lifestyle shows a strong uptrend that reached a peak in November 2019. Since then, the stock fell more than 40% and briefly went below the bottom of the long term trend. The stock bounced back up in April 2020 before making another pullback and finding support at the bottom of the long-term trend. The price is now on its way back up and looks set to test resistance at the $68 level. A stop loss can be placed below the bottom of the long-term trend around $56-$57.

Position entered to our long term tracking portfolio today. The entry point is at $61.73 and stop loss $45.18 which is 27% below entry point. The short-term to medium take profit is set at $81.48 giving a profit of 32%.

Data Explained

On the video and images above you will see the reason this stock was selected.

You will see the image is of a monthly chart of the stock showing the long-term upwards trend formed over the years. You will also see the entry point and the where the stop loss is placed. For more information please watch the video given.

Once it is time to move the original stop loss up you will see an additional image.

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