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Recent 52-Week Low Surpassed in Shares of Cedar Realty Tru (CDR)

By Shiri Gupta

Shares of Cedar Realty Tru (NYSE:CDR) traded today at $3.86, breaking its 52-week low. This new low was reached on below average trading volume as 56,000 shares traded hands, while the average 30-day volume is approximately 204,000 shares.

There is potential upside of 32.8% for shares of Cedar Realty Tru based on a current price of $3.89 and an average consensus analyst price target of $5.17. The stock should run into initial resistance at its 200-day moving average (MA) of $6.84 and subsequent resistance at its 50-day MA of $7.04.

Cedar Realty Tru share prices have moved between a 52-week high of $8.08 and the current low of $3.86 and are currently at $3.89 per share. The 200-day and 50-day moving averages have moved 0.06% higher and 0.01% lower over the past week, respectively.

Cedar Realty Trust Inc. is a fully-integrated real estate investment trust. The Company's portfolio of primarily supermarket-anchored shopping centers straddles the Washington, DC to Boston corridor.

SmarTrend recommended that its subscribers protect gains by selling shares of Cedar Realty Tru on January 11th, 2018 by issuing a Downtrend alert when the shares were trading at $5.47. Since that call, shares of Cedar Realty Tru have fallen 29.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows cedar realty tru

Ticker(s): CDR