W. P. Carey Q2 Earnings Preview: Consolidation Likely To Continue (Technical Analysis)

  • A few recent developments promoted me to reexamine WPC stock, such as its upcoming earnings report and the latest technical trading patterns. This reexamination concludes with a reiteration of my hold rating on W. P. Carey. Moderate AFFO growth, unattractive valuation metrics, and technical signals all point to continued price consolidation.