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Recent 52-Week High Exceeded in Shares of Douglas Emmett (DEI)

By Shiri Gupta

Douglas Emmett (NYSE:DEI) traded at a new 52-week high today of $42.82. This new high was reached on below average trading volume as 90,000 shares traded hands, while the average 30-day volume is approximately 692,000 shares.

Douglas Emmett (NYSE:DEI) defies analysts with a current price ($42.82) 4.6% above its average consensus price target of $40.83. Douglas Emmett shares have support at the 50-day moving average (MA) of $40.97 and additional support at the 200-day MA of $39.29.

Douglas Emmett, Inc. operates as a real estate investment trust. The Company invests in office and multi-family properties. Douglas Emmett serves customers in the States of California and Hawaii.

Douglas Emmett share prices have moved between a 52-week high of $42.82 and a 52-week low of $32.32 and are now trading 32% above that low price at $42.82 per share. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.4%.

SmarTrend recommended that subscribers consider buying shares of Douglas Emmett on July 10th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $41.26. Since that recommendation, shares of Douglas Emmett have risen 3.1%. We continue to monitor DEI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows douglas emmett

Ticker(s): DEI