National Retail Properties, Inc. (NYSE: NNN)

National Retail Properties, Inc. is a publicly owned equity real estate investment trust. The firm acquires, owns, manages, and develops retail properties in the United States. It provides complete turn-key and built-to-suit development services including market analysis, site selection and acquisition, entitlements, permitting, and construction management. The firm also focuses on purchasing and financing net-leased retail properties.
Take a look at the 1-year chart of National (NYSE: NNN) below with my added notations:

Over the several months NNN has been trending consistently higher, while also forming a nice trend line of support (green). Always remember that any (2) points can start a trend line, but it’s the 3rd test and beyond that confirm its relevance. As you can see, the market deems NNN’s trendline to be important. A pullback to that line will provide trading opportunities, one way or another.

The Tale of the Tape: NNN has a trend line support to monitor. A long position could be entered on a pullback to the trendline, with a stop placed below the level of entry. A short position could be entered if NNN were to break below its trendline.