According to nasdaq.com, with a Relative Strength Index (RSI) of 70.36, UMH Properties, Inc. is now in overbought territory. The RSI is a gauge used by technically-focused investors, where any number above 70 indicates an asset has been overbought. It compares the average of gains in days that closed up to the average of losses in days where the stock closed down. (An RSI below 30 indicates the stock may be undervalued.) In the last two months, there has been a revision of an earnings estimate lower but none has revised the estimate higher. In addition, Zacks.com has a “Sell” ranking for the UMH stock. MHProNews knows UMH owns and operates manufactured housing communities (MHCs) in the eastern U.S., and also owns a portfolio of REIT (real estate investment trust) securities. The company has recently acquired MHCs adjacent to the Utica Shale exploration activities in eastern Ohio and western Pennsylvania. ##
