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Shares of American Homes-A Has Risen Above Previous 52-Week High

By Shiri Gupta

Shares of American Homes-A (NYSE:AMH) traded at a new 52-week high today of $25.34. Approximately 147,000 shares have changed hands today, as compared to an average 30-day volume of 1.8 million shares.

Over the past year, American Homes-A has traded in a range of $18.91 to $25.34 and is now at $25.34, 34% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.

American Homes 4 Rent is an internally managed Maryland real estate investment trust, or REIT, focused on acquiring, renovating, leasing and operating single-family homes as rental properties.

Based on a current price of $25.34, American Homes-A is currently 4.5% above its average consensus analyst price target of $24.20. The stock should discover initial support at its 50-day moving average (MA) of $24.02 and subsequent support at its 200-day MA of $22.07.

SmarTrend recommended that subscribers consider buying shares of American Homes-A on January 16th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $21.07. Since that recommendation, shares of American Homes-A have risen 19.6%. We continue to monitor AMH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows american homes-a

Ticker(s): AMH