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Preferred Apar-A Shares Up 13.5% Since SmarTrend's Buy Recommendation (APTS)

By David Diaz

SmarTrend identified an Uptrend for Preferred Apar-A (NYSE:APTS) on June 22nd, 2018 at $15.57. In approximately 3 weeks, Preferred Apar-A has returned 13.46% as of today's recent price of $17.66.

In the past 52 weeks, shares of Preferred Apar-A have traded between a low of $13.60 and a high of $22.71 and are now at $17.66, which is 30% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.2%.

Preferred Apartment Communities Inc. was formed to acquire multifamily properties in select targeted markets throughout the United States. The Company may also acquire senior mortgage loans, subordinate loans and mezzanine debt secured by interests in multifamily properties, membership and partnership interests in multifamily properties and other multifamily related assets.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Preferred Apar-A shares.

Log in and add Preferred Apar-A (APTS) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights preferred apar-a

Ticker(s): APTS