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48.1% Return Seen to Date on SmarTrend Independence Rea Call (IRT)

By Shiri Gupta

SmarTrend identified a Downtrend for Independence Rea (NYSE:IRT) on February 27th, 2020 at $14.63. In approximately 1 month, Independence Rea has returned 48.09% as of today's recent price of $7.60.

Independence Rea share prices have moved between a 52-week high of $16.85 and a 52-week low of $6.86 and are now trading 11% above that low price at $7.59 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has declined 5%.

Independence Realty Trust, Inc. is an internally managed and advised apartment REIT focused on acquiring and owning well-located garden-style and mid-rise apartment properties throughout the United States.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Independence Rea.

Log in and add Independence Rea (IRT) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights independence rea

Ticker(s): IRT