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Shares of APTS Down 29.0% Since Downtrend Call on Shares

By Amy Schwartz

SmarTrend identified a Downtrend for Preferred Apar-A (NYSE:APTS) on December 20th, 2017 at $19.74. In approximately 5 months, Preferred Apar-A has returned 29.01% as of today's recent price of $14.01.

In the past 52 weeks, shares of Preferred Apar-A have traded between a low of $12.02 and a high of $22.71 and are now at $14.01, which is 17% above that low price. The 200-day and 50-day moving averages have moved 0.31% higher and 0.71% higher over the past week, respectively.

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 changes in momentum for shares of Preferred Apar-A.

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