UNIT: High-VARS REIT Watching for SCHH Tailwind

jfsrevg
12-12 12:21

$Uniti Group Inc(UNIT)$ (ADR 5.2%) — A high VARS name within the rate-sensitive $Schwab U.S. REIT ETF(SCHH)$ group.

Price bottomed on 14 October, rebounding off the 200-MA and showing clear VARS relative to $SPDR S&P 500 ETF Trust(SPY)$ despite sitting in one of the weakest groups SCHH.

However, an immediate entry even as a follow-through to yesterday’s move may still be premature and loose at this stage.

A cleaner setup likely requires SCHH to provide tailwind strength, ideally via a bounce off its own 200-MA.

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