Subsequent to our tag of GERN, the stock saw a low of 2.025, and in a series of small, incremental daily gains, it steadily made its way up to a high of 4.47 yesterday, representing an increase of 121%. That’s a very respectable gain in roughly a six week period.
Wheeler Real Estate Investment Trust, Inc. WHLR
We want to take this opportunity to place WHLR on watch as a potential bottom-play. The stock has been greatly abused over the past several months, falling well below all its moving averages, and reaching egregiously oversold territory. There is also a fairly large gap on chart to the upside, something for which we routinely look.
We’ll keep an eye on WHLR in sessions to come looking for the confirmation of a bounce. It certainly has plenty of room to run when that occurs, so keep a sharp eye out.
LDSR, RJDG, RSII, RNVA, ROKU, DRRX, FNJN