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Recent 52-Week High Exceeded in Shares of Stag Industrial (STAG)

By Amy Schwartz

Shares of Stag Industrial (NYSE:STAG) traded today at $31.58, breaking its 52-week high. So far today approximately 216,000 shares have been exchanged, as compared to an average 30-day volume of 837,000 shares.

STAG Industrial, Inc. is a real estate investment trust. The trust invests in and manages single-tenant industrial properties throughout the United States.

Over the past year, Stag Industrial has traded in a range of $23.24 to $31.58 and is now at $31.58, 36% above that low. The 200-day and 50-day moving averages have moved 0.14% higher and 0.32% higher over the past week, respectively.

Stag Industrial (NYSE:STAG) is currently priced 9.3% above its average consensus analyst price target of $28.65. The stock should find initial support at its 50-day moving average (MA) of $29.52 and further support at its 200-day MA of $27.72.

SmarTrend recommended that subscribers consider buying shares of Stag Industrial on January 10th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $25.76. Since that recommendation, shares of Stag Industrial have risen 21.4%. We continue to monitor STAG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows stag industrial

Ticker(s): STAG