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76.1% Return Seen to Date on SmarTrend Resource America Call (REXI)

By David Diaz

SmarTrend identified an Uptrend for Resource America (NASDAQ:REXI) on March 7th, 2016 at $5.56. In approximately 8 months, Resource America has returned 76.06% as of today's recent price of $9.78.

Resource America share prices have moved between a 52-week high of $9.95 and a 52-week low of $3.54 and are now trading 176% above that low price at $9.78 per share. Over the past week, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has advanced 2.6%.

Resource America, Inc. is an asset management company. The Company offers lease financing, invests in and manages real estate investment vehicles, manages funds of leveraged loans, private equity, and other securities, manages trust preferred and subordinated debt securities, invests in corporate credit products, and manages European collateralized loan obligations.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Resource America shares.

Log in and add Resource America (REXI) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights resource america

Ticker(s): REXI