Monday, September 6, 2010

Washington Real Estate Investment Trust Tops $31.72: Enters New Trading Range (WRE)

Washington Real Estate Investment Trust traded in a range yesterday that spanned from a low of $31.66 to a high of $32.19. Yesterday's high of the day pierced the 3-day high of $31.72 on volume of 381,000 shares.
Shares of Washington Real Estate Investment Trust have been range bound for the past 3-days between a high of $31.72 and a low of $30.39 and have traded with a 30-day average daily volume of 496,000 shares.
Look for shares of WRE to trade within a new higher trading range with support at $31.72 and move along with its peers in the REIT- Diversified SmarTrend industry.
SmarTrend is bullish on shares of Washington Real Estate Investment Trust and our subscribers were alerted to Buy on July 26, 2010 at $30.16. The stock has risen 6% since the alert was issued.

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