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Bullish Moving Average Cross by Corporate Office Properties Trust (OFC)

By James Quinn

Today, shares of Corporate Office Properties Trust (NYSE:OFC) have crossed bullishly above their 10-day moving average of $26.15 on a volume of 216K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Corporate Office Properties Trust share prices have moved between a 52-week high of $27.39 and a 52-week low of $19.52 and are now trading 35% above that low price at $26.40 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.9%.

SmarTrend recommended that subscribers consider buying shares of Corporate Office Properties Trust on February 22nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $22.88. Since that recommendation, shares of Corporate Office Properties Trust have risen 13.6%. We continue to monitor OFC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses corporate office properties trust

Ticker(s): OFC