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Upgrade Alert for DCT Industrial Trust (DCT)

By James Quinn

DCT Industrial Trust (NYSE:DCT) was upgraded from Underweight to Equalweight at Capital One today. The stock closed yesterday at $46.61 on volume of 703,000 shares, below average daily volume of 1.5 million.

Over the past year, DCT Industrial Trust has traded in a range of $31.08 to $50.57 and closed yesterday at $46.61, 50% above that low. The 200-day and 50-day moving averages have moved 0.38% higher and 1.00% higher over the past week, respectively.

DCT Industrial Trust Inc. is a real estate investment trust. The Company owns, acquires, develops and manages bulk distribution and light industrial properties located in the United States.

DCT Industrial Trust (NYSE:DCT) is currently priced 17.2% above its average consensus analyst price target of $38.60. The stock should discover initial support at its 50-day moving average (MA) of $39.18 and subsequent support at its 200-day MA of $36.34.

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

Keywords: analyst upgrades/downgrades dct industrial trust

Ticker(s): DCT