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Watch for Continued Losses in Shares of DDR (DDR)

By James Quinn

Shares of DDR (NYSE:DDR) traded at a new 52-week low today of $12.76. So far today approximately 687,000 shares have been exchanged, as compared to an average 30-day volume of 2.4 million shares.

In the past 52 weeks, shares of DDR have traded between the current low of $12.76 and a high of $19.92 and are now at $12.81. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.7%.

DDR Corporation is a real estate investment trust that develops, leases, and manages shopping centers. The Company's properties are located primarily in the East and Midwest United States as well as joint venture properties in Brazil.

DDR (NYSE:DDR) has potential upside of 22.5% based on a current price of $12.81 and analysts' consensus price target of $15.69. The stock should run into initial resistance at its 200-day moving average (MA) of $16.57 and subsequent resistance at its 50-day MA of $17.36.

SmarTrend recommended that its subscribers protect gains by selling shares of DDR on September 12th, 2016 by issuing a Downtrend alert when the shares were trading at $18.25. Since that call, shares of DDR have fallen 28.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows

Ticker(s): DDR