ET forward-yield compression toward the 21.84 record, gated entry, SMA50 invalidation
price path
22.4
21.84
20.61
19.6
21.84 · 52-wk high
20.61 · SMA50
breakout
entry
momentum
decision
trapped
inventory
invalidation
21.73
forward yield
7.0%
6.0%
≈7% headline
6.3%
distribution
$0.34/qtr · +3-5%/yr
forward yield ≈ $1.36 ÷ price
price
21.73 · 6.3%
play