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Digital Realty: 52-Week High Recently Eclipsed (DLR)

By Amy Schwartz

Digital Realty (NYSE:DLR) traded at a new 52-week high today of $132.34. This new high was reached on below average trading volume as 85,000 shares traded hands, while the average 30-day volume is approximately 1.5 million shares.

Digital Realty (NYSE:DLR) defies analysts with a current price ($131.87) 6.9% above its average consensus price target of $122.81. Digital Realty shares have support at the 50-day moving average (MA) of $125.80 and additional support at the 200-day MA of $118.38.

Digital Realty share prices have moved between a 52-week high of $132.34 and a 52-week low of $100.05 and are now trading 32% above that low price at $131.87 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has risen 0.4%.

Digital Realty Trust, Inc. owns, acquires, repositions, and manages technology-related real estate. The Company's properties contain applications and operations critical to the day-to-day operations of technology industry tenants and corporate enterprise data center tenants. Digital property portfolio is located throughout the United States and in England.

SmarTrend is tracking the current trend status for Digital Realty and will alert subscribers who have DLR in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows digital realty

Ticker(s): DLR