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Resource America Up 76.1% Since SmarTrend Uptrend Call (REXI)

By Shiri Gupta

SmarTrend identified an Uptrend for Resource America (NASDAQ:REXI) on March 7th, 2016 at $5.56. In approximately 14 months, Resource America has returned 76.06% as of today's recent price of $9.78.

Over the past year, Resource America has traded in a range of $3.54 to $9.95 and is now at $9.78, 176% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.6% while the 200-day MA has slid 0.6%.

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