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Shares of Medical Properties Trust Rise to a New 52-Week High

By Amy Schwartz

Medical Properties Trust (NYSE:MPW) traded at a new 52-week high today of $14.95. This new high was reached on above average trading volume as 7 million shares traded hands, while the average 30-day volume is approximately 1.3 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.

Based on a current price of $14.84, Medical Properties Trust is currently 5.9% above its average consensus analyst price target of $13.96. Medical Properties Trust shares have support at the 50-day moving average (MA) of $13.64 and additional support at the 200-day MA of $13.33.

Over the past year, Medical Properties Trust has traded in a range of $12.14 to $14.95 and is now at $14.84, 22% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has risen 0.3%.

SmarTrend recommended that subscribers consider buying shares of Medical Properties Trust on November 3rd, 2014 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $13.56. Since that recommendation, shares of Medical Properties Trust have risen 8.6%. 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

Ticker(s): MPW