Kimco Realty Corporation (NYSE:KIM)

Q: Hello Mr. Brian, I have 2000 shares of Kimco stock.  Not a whole lot but have not received payment as yet for this quarter.  Last quarter was pretty small.  What can you tell me about Kimco's future? Thanks, Dorothy

A:We currently have KIM in a Downtrend and issued the alert at $9.62 on June 22nd.  The REIT space has been hit pretty hard as they deal with rising debt payments and lower property values.  However the income stream has been keeping many investors involved.  The company did raise some equity in April which may help with some cash and debt service needs.  Being a technically-oriented service, SmarTrend can only base trend direction decisions on technical patterns and the trend is still Down until KIM can at least break above that down sloping trend line which is right at $11.  So it has some work to do.  Our indicators are overbought but starting to flatten out.  There is an earnings announcement coming July 30 which will shed some more light on the fundamental side.