Phillips Edison & Co Inc

PECO trades in a Stage 2 advancing uptrend, supported by uptrending EMAs and a primary Momentum Breakout, but it is currently extended into extreme overbought territory and well above rising EMAs. Under the stability-oriented strategy, we prefer to wait for a pullback into the 9/20 EMA support zone before buying.

• ↑Core FFO per share rose 6.2% YOY to $0.69
• ↑NAREIT FFO per share increased 4.7% to $0.67
• ↓Negative profitability and earnings yield raise valuation concerns