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Pennsylvania Real Estate Investment Trust Looks to Continue to Trade Below its Annual-Low Share Price Today

By Nick Russo

Pennsylvania Real Estate Investment Trust (NYSE:PEI) traded at a new 52-week low today of $12.06. So far today approximately 169,000 shares have been exchanged, as compared to an average 30-day volume of 610,000 shares.

Pennsylvania Real Estate Investment Trust (NYSE:PEI) has potential upside of 72.7% based on a current price of $12.08 and analysts' consensus price target of $20.86. The stock should find initial resistance at its 200-day moving average (MA) of $20.89 and further resistance at its 50-day MA of $21.69.

In the past 52 weeks, shares of Pennsylvania Real Estate Investment Trust have traded between the current low of $12.06 and a high of $25.67 and are now at $12.08. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.8%.

Pennsylvania Real Estate Investment Trust is a self-administered real estate investment trust involved in acquiring, managing and holding real estate interests for current yield and long-term appreciation. The Company's real estate holdings consist of shopping malls, strip and power centers, and industrial properties in the Mid-Atlantic and Southeastern United States.

SmarTrend recommended that its subscribers protect gains by selling shares of Pennsylvania Real Estate Investment Trust on January 11th, 2017 by issuing a Downtrend alert when the shares were trading at $18.51. Since that call, shares of Pennsylvania Real Estate Investment Trust have fallen 34.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows pennsylvania real estate investment trust

Ticker(s): PEI