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Recent 52-Week Low Surpassed in Shares of Weingarten Realty Investors (WRI)

By Nick Russo

Weingarten Realty Investors (NYSE:WRI) traded at a new 52-week low today of $29.63. This new low was reached on below average trading volume as 128,000 shares traded hands, while the average 30-day volume is approximately 595,000 shares.

Potential upside of 33.1% exists for Weingarten Realty Investors, based on a current level of $29.63 and analysts' average consensus price target of $39.43. The stock should run into initial resistance at its 200-day moving average (MA) of $34.81 and subsequent resistance at its 50-day MA of $37.14.

Over the past year, Weingarten Realty Investorshas traded in a range of $29.63 to $43.70 and are now at $29.63. The 200-day and 50-day moving averages have moved 0.18% higher and 0.63% higher over the past week, respectively.

Weingarten Realty Investors is a real estate investment trust with income producing properties primarily in the Southwest. The Trust's properties include shopping centers, office/service centers, apartment projects and office buildings.

SmarTrend recommended that its subscribers protect gains by selling shares of Weingarten Realty Investors on April 27th, 2017 by issuing a Downtrend alert when the shares were trading at $33.42. Since that call, shares of Weingarten Realty Investors have fallen 9.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows weingarten realty investors

Ticker(s): WRI