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Shares of Coresite Realty Corp Rise Above Previous 52-Week High

By Nick Russo

Coresite Realty Corp (NYSE:COR) traded today at a new 52-week high of $97.91. Approximately 52,000 shares have changed hands today, as compared to an average 30-day volume of 332,000 shares.

Coresite Realty Corporation develops, owns and operates data centers in the United States. The data centers include ample and redundant power and advanced cooling and security systems, and many are points of dense network interconnection.

Coresite Realty Corp (NYSE:COR) is currently priced 3.1% above its average consensus analyst price target of $94.67. The stock should find initial support at its 50-day moving average (MA) of $69.50 and further support at its 200-day MA of $58.73.

Over the past year, Coresite Realty Corp has traded in a range of $44.51 to $97.91 and is now at $97.66, 119% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.5% while the 200-day MA has risen 1.0%.

SmarTrend recommended that subscribers consider buying shares of Coresite Realty Corp on November 28th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $70.63. Since that recommendation, shares of Coresite Realty Corp have risen 37.8%. We continue to monitor COR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows coresite realty corp

Ticker(s): COR