This will be the 5th trip to mid $19 to $20 range since the beginning of last year.
3/1/11 $19.50 high. 3/16/11 $16.98 low.
May 2, 2011, $19.80 high. 6/15/11 $17.01 low.
7/22/2011 $20.31 high 10/4/11 $13.55 low.
3/19/12 $19.90 high, thereafter $17.78 low.
Last pullback was a higher low. Now KIM is at $19.90.
Earnings are tomorrow. Be nice to see it break through, but it's fallen to $13.55 up to $17.78 the last few moves up like this. The yield has also gone below 4% at 3.9%. Not to use any bright line rules, but I like to see the yield around 4%.
I don't like to trade a holding like this. In fact I held this all through the crash. My basis is about $20.02 so this level seems to be my rubicon. At least I've been collecting my 4% or so.