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Upgrade Alert for DuPont Fabros Technology (DFT)

By Nick Russo

DuPont Fabros Technology (NYSE:DFT) was upgraded from Market Perform to Outperform at Raymond James today. The stock closed yesterday at $42.40 on volume of 571,000 shares, below average daily volume of 893,000.

DuPont Fabros Technology (NYSE:DFT) is currently priced 15.4% above its average consensus analyst price target of $35.88. DuPont Fabros Technology shares have support at the 50-day moving average (MA) of $39.65 and additional support at the 200-day MA of $32.71.

In the past 52 weeks, DuPont Fabros Technology share prices have been bracketed by a low of $24.88 and a high of $48.97 and closed yesterday at $42.40, 70% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 1.1%.

DuPont Fabros Technology Inc. is a real estate investment trust and owner, developer, operator and manager of wholesale data centers. The Company's data centers are used primarily by national and international technology companies to house, power and cool the computer servers that support many of their most critical business processes.

SmarTrend recommended that its subscribers protect gains by selling shares of DuPont Fabros Technology on August 19th, 2016 by issuing a Downtrend alert when the shares were trading at $44.08. Since that call, shares of DuPont Fabros Technology have fallen 4.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: analyst upgrades/downgrades dupont fabros technology

Ticker(s): DFT