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Watch for Continued Gains in Shares of Equity Lifestyle Properties (ELS)

By David Diaz

Shares of Equity Lifestyle Properties (NYSE:ELS) traded at a new 52-week high today of $86.09. Approximately 54,000 shares have changed hands today, as compared to an average 30-day volume of 441,000 shares.

Equity Lifestyle Properties (NYSE:ELS) is currently priced 11.2% above its average consensus analyst price target of $75.88. The stock should discover initial support at its 50-day moving average (MA) of $71.17 and subsequent support at its 200-day MA of $63.83.

Equity Lifestyle Properties, Inc owns or has an interest in communities in the United States and western Canada. The Company acquires properties such as camping grounds and seasonal resort communities.

In the past 52 weeks, Equity Lifestyle Properties share prices have been bracketed by a low of $51.79 and a high of $86.09 and are now at $85.40, 65% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has risen 0.5%.

SmarTrend recommended that subscribers consider buying shares of Equity Lifestyle Properties on November 29th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $70.20. Since that recommendation, shares of Equity Lifestyle Properties have risen 22.4%. We continue to monitor ELS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows equity lifestyle properties

Ticker(s): ELS