• Return to Headlines

Traders Get Bullish on Shares of Rait Financial T, Shares Up 5.1% (RAS)

By Nick Russo

Rait Financial T (NYSE:RAS) is one of today's best performing penny stocks, up 5.1% to $0.40 on 2.2x average daily volume. Rait Financial T has traded 1.3 million shares thus far today, vs. average volume of 563,000 shares per day. The stock has outperformed the Dow (5.1% to the Dow's -100.0%) and outperformed the S&P 500 (5.1% to the S&P's 0.1%) during today's trading.

Rait Financial T (NYSE:RAS) defies analysts with a current price ($0.40) 25.7% above its average consensus price target of $0.30. The stock should run into initial resistance at its 50-day moving average (MA) of $2.91 and subsequent resistance at its 200-day MA of $3.84.

In the past 52 weeks, Rait Financial T share prices have been bracketed by a low of $0.17 and a high of $3.91 and are now at $0.40, 137% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1.5% while the 50-day MA has advanced 1.8%.

RAIT Financial Trust is an internally-managed real estate investment trust. The Trust focuses on providing debt financing options to owners of commercial real estate. RAIT Financial Trust serves customers in the United States.

SmarTrend is monitoring the recent change of momentum in Rait Financial T. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Rait Financial T in search of a potential trend change.

Keywords: penny stocks rait financial t

Ticker(s): RAS