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

By Amy Schwartz

Mid-America Apar (NYSE:MAA) traded today at a new 52-week high of $129.92. Approximately 57,000 shares have changed hands today, as compared to an average 30-day volume of 551,000 shares.

Based on a current price of $129.92, Mid-America Apar is currently 21.1% above its average consensus analyst price target of $102.57. The stock should discover initial support at its 50-day moving average (MA) of $122.43 and subsequent support at its 200-day MA of $110.23.

Mid-America Apar share prices have moved between a 52-week high of $129.92 and a 52-week low of $91.21 and are now trading 42% above that low price at $129.92 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.7%.

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.

SmarTrend recommended that subscribers consider buying shares of Mid-America Apar on May 1st, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $109.76. Since that recommendation, shares of Mid-America Apar have risen 17.1%. 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