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

By David Diaz

Duke Realty Corp (NYSE:DRE) traded today at a new 52-week high of $36.04. So far today approximately 283,000 shares have been exchanged, as compared to an average 30-day volume of 2.1 million shares.

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.

In the past 52 weeks, shares of Duke Realty Corp have traded between a low of $24.67 and a high of $36.04 and are now at $35.87, which is 45% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.4%.

Based on a current price of $35.87, Duke Realty Corp is currently 17.8% above its average consensus analyst price target of $29.48. The stock should find initial support at its 50-day moving average (MA) of $33.59 and further support at its 200-day MA of $31.67.

SmarTrend is tracking the current trend status for Duke Realty Corp and will alert subscribers who have DRE in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows duke realty corp

Ticker(s): DRE