The housing market is booming right now, so it’s no surprise that today’s Chart of the Week comes from the REIT sector.
REITs are showing a ton of relative strength right now — especially from the tech side.
Data centers and infrastructure stocks are strong right now, including today’s Chart of the Week, Equinix (EQIX).
Equinix is a digital infrastructure REIT that’s essentially a tech company hiding as an REIT.
But it’s in the right space and it’s got an absolutely beautiful base!
We’re long EQIX above 840 with a price target of 1000.
Til next week, good trading,
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