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Upgrade Alert for First Potomac Realty Trust (FPO)

By Nick Russo

First Potomac Realty Trust (NYSE:FPO) was upgraded from Hold to Buy at Stifel today. The stock closed yesterday at $9.38 on volume of 134,000 shares, below average daily volume of 167,000.

Potential upside of 37.1% exists for First Potomac Realty Trust, based on a current level of $9.38 and analysts' average consensus price target of $12.86. The stock should find resistance at its 200-day moving average (MA) of $10.32, as well as support at its 50-day MA of $8.71.

First Potomac Realty Trust is a self-administered, self-managed real estate investment trust that focuses on owning, operating, developing and redeveloping office and industrial properties in the greater Washington, D.C. region.

First Potomac Realty Trust share prices have moved between a 52-week high of $12.11 and a 52-week low of $7.90 and closed yesterday at 19% above that low price at $9.38 per share. The 200-day and 50-day moving averages have moved 0.38% lower and 0.43% higher over the past week, respectively.

SmarTrend is tracking the current trend status for First Potomac Realty Trust and will alert subscribers who have FPO in their portfolio or watchlist when shares have changed trend direction.

Keywords: analyst upgrades/downgrades first potomac realty trust

Ticker(s): FPO