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Shares of Brixmor Property Rise Above Previous 52-Week High

By David Diaz

Brixmor Property (NYSE:BRX) traded today at a new 52-week high of $20.26. So far today approximately 296,000 shares have been exchanged, as compared to an average 30-day volume of 2.8 million shares.

In the past 52 weeks, shares of Brixmor Property have traded between a low of $14.11 and a high of $20.26 and are now at $20.19, which is 43% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.8%.

Brixmor Property (NYSE:BRX) is currently priced 12.4% above its average consensus analyst price target of $17.69. The stock should find initial support at its 50-day moving average (MA) of $18.88 and further support at its 200-day MA of $17.74.

Brixmor (NYSE: BRX) is a real estate investment trust (REIT) that owns and operates a high-quality, national portfolio of open-air shopping centers. Its 422 retail centers comprise approximately 73 million square feet of prime retail space in established trade areas.

SmarTrend is tracking the current trend status for Brixmor Property and will alert subscribers who have BRX in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows brixmor property

Ticker(s): BRX