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Watch for Continued Gains in Shares of Duke Realty Corp (DRE)

By David Diaz

Shares of Duke Realty Corp (NYSE:DRE) traded at a new 52-week high today of $32.48. This new high was reached on below average trading volume as 155,000 shares traded hands, while the average 30-day volume is approximately 1.6 million shares.

In the past 52 weeks, Duke Realty Corp share prices have been bracketed by a low of $24.67 and a high of $32.48 and are now at $32.48, 32% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.3%.

Based on a current price of $32.48, Duke Realty Corp is currently 9.3% above its average consensus analyst price target of $29.48. The stock should discover initial support at its 50-day moving average (MA) of $30.81 and subsequent support at its 200-day MA of $29.13.

Duke Realty Corporation owns interests in industrial, office, and medical office properties across the Southeastern, Midwestern, and Southern United States. The Company provides leasing, property and asset management, acquisition, development, construction, build-to-suit, and other related services.

SmarTrend recommended that subscribers consider buying shares of Duke Realty Corp on January 10th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $26.90. Since that recommendation, shares of Duke Realty Corp have risen 20.0%. We continue to monitor DRE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows duke realty corp

Ticker(s): DRE