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

By Nick Russo

Shares of First Ind Realty (NYSE:FR) traded today at $33.01, breaking its 52-week high. So far today approximately 105,000 shares have been exchanged, as compared to an average 30-day volume of 886,000 shares.

First Ind Realty (NYSE:FR) has potential upside of 0.4% based on a current price of $32.65 and analysts' consensus price target of $32.79. The stock should find initial support at its 200-day moving average (MA) of $30.59 and further support at its 50-day MA of $30.34.

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.

In the past 52 weeks, First Ind Realty share prices have been bracketed by a low of $27.61 and a high of $33.01 and are now at $32.65, 18% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.4%.

SmarTrend recommended that subscribers consider buying shares of First Ind Realty on March 13th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $29.64. Since that recommendation, shares of First Ind Realty have risen 11.1%. 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