We’re going back to the office

The low is in for Jones Lang LaSalle (JLL) stock.

It’s time to go back to the office !

3 weeks ago, the stock traded below $155, which satisfied my specific trifecta of trading below 2.5 standard deviations, registering a Weekly Oversold reading and touching its 200 week moving average.

Today, the stock is trading at $181.

In September 2020, I wrote a note, that ‘the big cities won’t die’.

Within it, I listed JLL as a stock to watch when the ‘novelty’ and inefficiency of ‘working from home’ wanes.

And there are other ancillary, property related stocks that are showing similar ‘bottoming’ characteristics.

July 5, 2022

by Rob Zdravevski

rob@karriasset.com.au