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Mid-America Apar Looks to Continue to Trade Above its Annual-High Share Price Today

By Nick Russo

Shares of Mid-America Apar (NYSE:MAA) traded today at $108.48, breaking its 52-week high. So far today approximately 131,000 shares have been exchanged, as compared to an average 30-day volume of 633,000 shares.

Mid-America Apartment Communities, Inc. is a self-administered and self-managed real estate investment trust which owns, develops, acquires, and operates multi family apartment communities in the southeast and midwest United States and Texas. In addition, the Company conducts third party property management, development, and construction activities through its service corporation.

In the past 52 weeks, Mid-America Apar share prices have been bracketed by a low of $86.61 and a high of $108.48 and are now at $108.37, 25% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has risen 0.3%.

Mid-America Apar (NYSE:MAA) is currently priced 5.4% above its average consensus analyst price target of $102.57. Mid-America Apar shares have support at the 50-day moving average (MA) of $101.67 and additional support at the 200-day MA of $100.15.

SmarTrend recommended that subscribers consider buying shares of Mid-America Apar on January 17th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $99.71. Since that recommendation, shares of Mid-America Apar have risen 8.6%. We continue to monitor MAA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows mid-america apar

Ticker(s): MAA