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Equity Residenti: The Winning Streak Continues (EQR)

By James Quinn

Equity Residenti (NYSE:EQR) traded at a new 52-week high today of $88.49. So far today approximately 96,000 shares have been exchanged, as compared to an average 30-day volume of 1.6 million shares.

Equity Residential is a real estate investment trust. The Trust acquires, develops, and manages apartment complexes in the United States.

In the past 52 weeks, Equity Residenti share prices have been bracketed by a low of $62.40 and a high of $88.49 and are now at $87.80, 41% above that low price. The 200-day and 50-day moving averages have moved 0.55% higher and 0.83% higher over the past week, respectively.

Equity Residenti (NYSE:EQR) defies analysts with a current price ($87.80) 25.1% above its average consensus price target of $65.74. The stock should discover initial support at its 50-day moving average (MA) of $84.16 and subsequent support at its 200-day MA of $77.01.

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

Keywords: 52 week high/lows equity residenti

Ticker(s): EQR