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Brandywine Realty Trust: The Winning Streak Continues (BDN)

By Shiri Gupta

Shares of Brandywine Realty Trust (NYSE:BDN) traded today at $16.28, breaking its 52-week high. So far today approximately 547,000 shares have been exchanged, as compared to an average 30-day volume of 1.2 million shares.

Brandywine Realty Trust is a self-administered, self-managed and fully integrated real estate investment trust. The Company is engaged in the ownership, management, leasing, acquisition, and development of primarily suburban office properties. It also owns an interest in and operates a commercial real estate management services company.

Over the past year, Brandywine Realty Trust has traded in a range of $12.42 to $16.28 and is now at $16.28, 31% above that low. The 200-day and 50-day moving averages have moved 0.44% higher and 0.32% higher over the past week, respectively.

Brandywine Realty Trust (NYSE:BDN) defies analysts with a current price ($16.28) 1.7% above its average consensus price target of $16.00. The stock should find initial support at its 50-day moving average (MA) of $15.49 and further support at its 200-day MA of $14.43.

SmarTrend recommended that subscribers consider buying shares of Brandywine Realty Trust on October 25th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $14.23. Since that recommendation, shares of Brandywine Realty Trust have risen 13.4%. We continue to monitor BDN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows brandywine realty trust

Ticker(s): BDN