iStar Financial Inc. operates as a finance and investment company
focusing on the commercial real estate industry in the United States.
The company provides custom-tailored investment capital to high-end
private and corporate owners of real estate; and invests in a range of
real estate sectors. The Real Estate Finance segment offers senior and
mezzanine real estate loans; preferred equity investments, as well as
senior and subordinated loans to corporations; and whole loans and loan
participations. The Net Lease segment owns and leases corporate
facilities to single creditworthy tenants. As of December 31, 2013, this
segment owned 263 facilities comprising 20.4 million square feet in 33
states. The Operating Properties segment operates commercial properties
consisting of office, retail, hotel, and other properties; and
residential properties, including luxury condominium projects. This
segment operated 28 commercial properties comprising 5.5 million square
feet in 10 states; and 12 residential projects representing
approximately 616 units located in principal cities in the United
States. The land segment owns 27 properties, including 11 master planned
community projects, 10 infill land parcels, and 6 waterfront land
parcels.
To review iStar’s stock, please take a look at the 1-year chart of STAR (iStar Financial, Inc.) below with my added notations:
STAR has been trading sideways for the last 3 months. Over that
period of time the stock has formed a clear resistance level at $15
(blue). In addition, the stock has also created a strong level of
support at $14 (black). At some point the stock will have to break one
of the two levels that the sideways consolidation has created.
The Tale of the Tape: STAR has clear levels of
support ($14) and resistance ($15). The possible long positions on the
stock would be either on a pullback to $14, or on a breakout above $15.
The ideal short opportunity would be on a break below $14.
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