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DCT Industrial Trust: 52-Week High Recently Eclipsed (DCT)

By Shiri Gupta

Shares of DCT Industrial Trust (NYSE:DCT) traded at a new 52-week high today of $54.69. So far today approximately 55,000 shares have been exchanged, as compared to an average 30-day volume of 1.5 million shares.

In the past 52 weeks, shares of DCT Industrial Trust have traded between a low of $31.08 and a high of $54.69 and are now at $54.59, which is 76% above that low price. The 200-day and 50-day moving averages have moved 0.38% higher and 1.00% higher over the past week, respectively.

DCT Industrial Trust Inc. is a real estate investment trust. The Company owns, acquires, develops and manages bulk distribution and light industrial properties located in the United States.

DCT Industrial Trust (NYSE:DCT) is currently priced 8.6% above its average consensus analyst price target of $49.90. DCT Industrial Trust shares have support at the 50-day moving average (MA) of $39.18 and additional support at the 200-day MA of $36.34.

SmarTrend recommended that subscribers consider buying shares of DCT Industrial Trust on April 3rd, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $48.17. Since that recommendation, shares of DCT Industrial Trust have risen 12.9%. We continue to monitor DCT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows dct industrial trust

Ticker(s): DCT