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Downgrade Alert for Coresite Realty Corp (COR)

By James Quinn

Coresite Realty Corp (NYSE:COR) was downgraded from Hold to Sell at Stifel today. The stock closed yesterday at $88.11 on volume of 1.3 million shares, above average daily volume of 332,000.

In the past 52 weeks, Coresite Realty Corp share prices have been bracketed by a low of $44.51 and a high of $91.91 and closed yesterday at $88.11, 98% above that low price. Over the past week, the 200-day moving average (MA) has gone up 1.0% while the 50-day MA has advanced 1.5%.

Coresite Realty Corp (NYSE:COR) is currently priced 29.0% above its average consensus analyst price target of $62.56. Coresite Realty Corp shares have support at the 50-day moving average (MA) of $69.50 and additional support at the 200-day MA of $58.73.

Coresite Realty Corporation develops, owns and operates data centers in the United States. The data centers include ample and redundant power and advanced cooling and security systems, and many are points of dense network interconnection.

SmarTrend recommended that subscribers consider buying shares of Coresite Realty Corp on February 22nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $63.56. Since that recommendation, shares of Coresite Realty Corp have risen 44.0%. We continue to monitor COR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: analyst upgrades/downgrades coresite realty corp

Ticker(s): COR