Mission West Properties (MSW) - Overbought - views

Mission West Properties has hit a technical signal on 3 different technical indicators. MSW is in the Consumer Services sector. The technical signals indicate that the stock is Overbought right now. The 3 indicators: Commodity Channel Index, Relative Strength Index and the Fast Stochastics were all triggered based on the last closing price of $10.30 on Feb 3.

There are currently 3 analysts covering the company. Of these analysts, 1 have a buy recommendation. The current consensus estimate for quarterly earnings among the 3 analysts covering the stock is $0.06 per share. Last quarter the company earned $0.07 per share. The consensus estimate for this years earnings is $0.34 per share as compared to the next years' expectation, of $0.31 per share. The consensus estimate for next years earnings is $0.31 per share, which represents forecast growth of -8.8%.

Over the last 52 weeks, the stock has been trading between $6.39 and $10.39. More recently in the last 4 weeks, the stock has been trading between $8.89 and $10.39. Yesterday the stock traded between $9.70 and $10.39. The stock currently has a PE ratio of 19.9.

Mission West Properties is trading 10.0% from its 20-day simple moving average (SMA) of $9.37 and 20.0% from its 50-day SMA and 28.31% from its 200-day SMA. Average daily volume over the last 30 days has been 86,815 shares.

At yesterdays close: the RSI was at 84.1, the CCI was at 342.5 and the Fast Stochastic was at 93.9. MSW closed yesterday at $10.30, on volume of 301,957 shares as compared to an average volume of 86,815 over the last 4 weeks.

Mission West Properties, Inc. engages in the acquisition, marketing, leasing, and management of research and development properties, primarily in the Silicon Valley portion of the San Francisco Bay Area. As of December 31, 2006, it owned or managed 107 properties, totaling approximately 7.7 million rentable square feet of research and development properties through limited partnerships. Mission West Properties qualifies as a REIT for federal income tax purposes. As a REIT, it would not be subject to federal income tax to the extent that it distributes at least 90% of its REIT taxable income to its shareholders. The company was founded in 1969 and is headquartered in Cupertino, California.

Technical Indicators should be used as the starting point for further analysis. These indicators are provided as a guide to help you determine what assets to analyze. The technical indicators used in this article can indicate that an asset is either overbought or oversold, but that indication could be the result of a fundamental or other type of event like an earnings announcement.

To learn more about technical analysis, please refer to our technical analysis primer.