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Shares of Ddr Corp Rise Above Previous 52-Week High

By Shiri Gupta

Ddr Corp (NYSE:DDR) traded at a new 52-week high today of $17.32. Approximately 299,000 shares have changed hands today, as compared to an average 30-day volume of 3.4 million shares.

DDR Corp. is a real estate investment trust that develops, acquires, leases, and manages shopping centers. The Company's properties are located in the United States and Puerto Rico.

Ddr Corp (NYSE:DDR) is currently priced 53.8% above its average consensus analyst price target of $7.98. The stock should discover initial support at its 50-day moving average (MA) of $9.96 and subsequent support at its 200-day MA of $8.72.

In the past 52 weeks, Ddr Corp share prices have been bracketed by a low of $6.63 and a high of $17.32 and are now at $17.27, 161% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 1.3% while the 50-day MA has advanced 6.2%.

SmarTrend recommended that subscribers consider buying shares of Ddr Corp on May 21st, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $14.77. Since that recommendation, shares of Ddr Corp have risen 16.7%. We continue to monitor DDR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows ddr corp

Ticker(s): DDR