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DCT Industrial Trust Looks to Continue to Trade Above its Annual-High Share Price Today

By Amy Schwartz

Shares of DCT Industrial Trust (NYSE:DCT) traded at a new 52-week high today of $52.33. This new high was reached on below average trading volume as 81,000 shares traded hands, while the average 30-day volume is approximately 1.5 million shares.

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 4.0% above its average consensus analyst price target of $49.90. The stock should find initial support at its 50-day moving average (MA) of $39.18 and further support at its 200-day MA of $36.34.

In the past 52 weeks, DCT Industrial Trust share prices have been bracketed by a low of $31.08 and a high of $52.33 and are now at $52.00, 67% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 1.0%.

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 7.5%. 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