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Shares of First Ind Realty Rise Above Previous 52-Week High

By David Diaz

First Ind Realty (NYSE:FR) traded today at a new 52-week high of $31.34. This new high was reached on below average trading volume as 61,000 shares traded hands, while the average 30-day volume is approximately 2.3 million shares.

First Industrial Realty Trust, Inc. is a self-administered and fully integrated real estate investment trust which owns, manages, acquires and develops bulk warehouses and light industrial properties. The Company's interests in its properties are held through various partnerships controlled by the company.

Over the past year, First Ind Realty has traded in a range of $24.85 to $31.34 and is now at $31.16, 25% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.9% while the 200-day MA has risen 0.3%.

Based on a current price of $31.16, First Ind Realty is currently 2.5% above its average consensus analyst price target of $30.38. First Ind Realty shares have support at the 50-day moving average (MA) of $22.47 and additional support at the 200-day MA of $21.40.

SmarTrend recommended that subscribers consider buying shares of First Ind Realty on July 19th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $29.94. Since that recommendation, shares of First Ind Realty have risen 3.7%. We continue to monitor FR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows first ind realty

Ticker(s): FR