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Starwood Propert: 52-Week High Recently Eclipsed (STWD)

By Amy Schwartz

Shares of Starwood Propert (NYSE:STWD) traded at a new 52-week high today of $23.85. Approximately 115,000 shares have changed hands today, as compared to an average 30-day volume of 1.5 million shares.

Starwood Property Trust, Inc. is a real estate investment company. The Company originates and invests in commercial mortgage loans and other commercial real estate debt investments, commercial mortgage-backed securities, and other commercial real estate-related debt investments. Starwood may also invest in residential mortgage loans and residential mortgage-backed securities.

There is potential upside of 0.2% for shares of Starwood Propert based on a current price of $23.71 and an average consensus analyst price target of $23.75. The stock should discover initial support at its 50-day moving average (MA) of $23.10 and subsequent support at its 200-day MA of $22.30.

In the past 52 weeks, shares of Starwood Propert have traded between a low of $19.16 and a high of $23.85 and are now at $23.71, which is 24% above that low price. The 200-day and 50-day moving averages have moved 0.14% higher and 0.26% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Starwood Propert on January 15th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $20.91. Since that recommendation, shares of Starwood Propert have risen 13.1%. We continue to monitor STWD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows starwood propert

Ticker(s): STWD