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Terreno Realty C Looks to Continue to Trade Above its Annual-High Share Price Today

By David Diaz

Shares of Terreno Realty C (NYSE:TRNO) traded today at $36.56, breaking its 52-week high. This new high was reached on below average trading volume as 63,000 shares traded hands, while the average 30-day volume is approximately 190,000 shares.

Terreno Realty C (NYSE:TRNO) is currently priced 7.5% above its average consensus analyst price target of $33.32. Terreno Realty C shares have support at the 50-day moving average (MA) of $22.88 and additional support at the 200-day MA of $21.83.

Terreno Realty C share prices have moved between a 52-week high of $36.56 and a 52-week low of $24.38 and are now trading 48% above that low price at $36.03 per share. The 200-day and 50-day moving averages have moved 0.22% higher and 0.44% higher over the past week, respectively.

Terreno Realty Corp is a corporation focused on acquiring industrial real estate located in six major coastal U.S. markets, Southern California, San Francisco Bay Area, Seattle, Northern New Jersey, New York City, Washington D.C./Baltimore, and South Florida. The Company intends to elect and qualify to be taxed as a real estate investment trust with taxable year ending 12/31/10.

SmarTrend recommended that subscribers consider buying shares of Terreno Realty C on April 5th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $28.11. Since that recommendation, shares of Terreno Realty C have risen 29.0%. We continue to monitor TRNO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows terreno realty c

Ticker(s): TRNO