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American Homes-A: 52-Week High Recently Eclipsed (AMH)

By David Diaz

Shares of American Homes-A (NYSE:AMH) traded at a new 52-week high today of $24.19. So far today approximately 203,000 shares have been exchanged, as compared to an average 30-day volume of 2.1 million shares.

American Homes 4 Rent is an internally managed Maryland real estate investment trust, or REIT, focused on acquiring, renovating, leasing and operating single-family homes as rental properties.

In the past 52 weeks, American Homes-A share prices have been bracketed by a low of $18.91 and a high of $24.19 and are now at $24.19, 28% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.4%.

There is potential upside of 0.0% for shares of American Homes-A based on a current price of $24.19 and an average consensus analyst price target of $24.20. The stock should discover initial support at its 50-day moving average (MA) of $22.79 and subsequent support at its 200-day MA of $21.79.

SmarTrend recommended that subscribers consider buying shares of American Homes-A on January 16th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $21.07. Since that recommendation, shares of American Homes-A have risen 14.0%. We continue to monitor AMH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows american homes-a

Ticker(s): AMH