Shares of Medical Properties Trust Has Risen Above Previous 52-Week High
Shares of Medical Properties Trust (NYSE:MPW) traded at a new 52-week high today of $14.21. So far today approximately 374,000 shares have been exchanged, as compared to an average 30-day volume of 1.4 million shares.
Medical Properties Trust Inc. is a self-advised real estate investment trust formed to acquire and develop net-leased healthcare facilities. These facilities include inpatient rehabilitation hospitals, long-term acute care hospitals, regional acute care hospitals, ambulatory surgery centers, and other single-discipline healthcare facilities such as heart hospitals.
Medical Properties Trust (NYSE:MPW) is currently priced 8.5% above its average consensus analyst price target of $13.00. The stock should find initial support at its 50-day moving average (MA) of $12.55 and further support at its 200-day MA of $10.74.
In the past 52 weeks, Medical Properties Trust share prices have been bracketed by a low of $8.65 and a high of $14.21 and are now at $14.20, 64% above that low price. The 200-day and 50-day moving averages have moved 0.67% higher and 1.10% higher over the past week, respectively.
SmarTrend recommended that subscribers consider buying shares of Medical Properties Trust on July 5th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $9.74. Since that recommendation, shares of Medical Properties Trust have risen 44.9%. We continue to monitor MPW for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: 52 week high/lows medical properties trust