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Watch for Continued Gains in Shares of Brixmor Property (BRX)

By James Quinn

Shares of Brixmor Property (NYSE:BRX) traded today at $19.94, breaking its 52-week high. So far today approximately 482,000 shares have been exchanged, as compared to an average 30-day volume of 2.7 million shares.

Brixmor (NYSE: BRX) is a real estate investment trust (REIT) that owns and operates a high-quality, national portfolio of open-air shopping centers. Its 422 retail centers comprise approximately 73 million square feet of prime retail space in established trade areas.

In the past 52 weeks, Brixmor Property share prices have been bracketed by a low of $14.11 and a high of $19.94 and are now at $19.91, 41% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.9% while the 200-day MA has risen 0.6%.

Brixmor Property (NYSE:BRX) defies analysts with a current price ($19.91) 11.1% above its average consensus price target of $17.69. Brixmor Property shares have support at the 50-day moving average (MA) of $18.59 and additional support at the 200-day MA of $17.58.

SmarTrend recommended that subscribers consider buying shares of Brixmor Property on July 31st, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $18.92. Since that recommendation, shares of Brixmor Property have risen 4.8%. We continue to monitor BRX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows brixmor property

Ticker(s): BRX