On February 25th, I noted the strong performance of REITs (prior post) and posed the question whether REIT performance was ahead of fundamentals.
Shortly after that post, the charts detailed below note the decline in the DJ Reit Index. Are REITs simply trading at the low end of resistance, but still in a longer term uptrend or is there further downside ahead for REIT shares?
(click on charts for larger image)
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