National Retail Properties (NYSE: NNN) shares rose in value Monday Nov 21 with slower trade volume than normal after a number of analysts weighed in on the investing value of the stock with a upgraded rating.
Meanwhile, stocks were set to open up this morning. The Dow Jones Industrial Average futures YMZ6, +0.20% was 10 points, or less than 0.1%, higher at 18,863, while S&P 500 index futures ESZ6, +0.44% rose 3.95 points, or 0.2%, at 2,184.75. Nasdaq-100 NQZ6, +0.74% added 12.25 points, or 0.2%, to 4,820.75.
Analysts at Robert W. Baird upgraded shares of National Retail Properties (NYSE: NNN) from Neutral to Outperform today. Robert W. Baird currently has a rating of Outperform on the stock. The one-year price target of $50.38 is above the opening price of $41.69, that has caused a number of other analysts to comment on the stock in recent days. Looking back over the last year, National Retail Properties stock has a high of $53.60. Usually, after analysts assign an upgrade report on a stock, they will subsequently issue recurring updates, usually followed by a price target change.
Shares of National Retail Properties (NYSE: NNN) opened at $41.69 on Monday and traded in a range between, $41.50 and $42.34, and last traded at $42.11, which is a jump of $0.75 or 1.80% over the previous closing price.
National Retail Properties (NYSE: NNN) now has a market cap of 6.19B.
National Retail Properties (NYSE: NNN) Average Daily Trading Volume
The stock’s average daily volume is 1,017,850 shares out of a total float 145,604,000 and some 162,911 shares crossed the trading desk yesterday, lower than normal. Look for trading volume to pick up in the coming days as swing traders often use increases in trading volume to determine heavy volume aggregation or circulation by institutional investors.
However, a single day of high volume buy side trading is not enough to affirm a trend. So market traders will continue to watch for institutional sponsorship as a signal that financial institutions are moving forward.
Institutional sponsorship is defined by ownership of a stock by mutual funds, banks, pension funds and other large institutions.
These professional investors have substantial teams of analysts researching thousands of stocks, so it is good confirmation to see them buying a stock you are considering.
National Retail Properties (NYSE: NNN) Moving Averages
A moving average can also act as support or resistance. In an uptrend a 50-day, 100-day or 200-day moving average may act as a support level, as shown in the figure below.
This is because the average acts like a floor (support), so the price bounces up off of it.
In a downtrend a moving average may act as resistance; like a ceiling, the price hits it and then starts to drop again.
Traders can make well planned trades when they track the trading habits of professional investors.
With that in mind, National Retail Properties (NYSE: NNN) now has a 50-day MA of $45.54 and 200-day MA of $48.45. It has traded in a 52-week range between $37.31 – 53.600 and today’s last price is 21.45%% lower than the 52 week high of $53.60.
Indeed, earnings growth is among the most crucial things to look at in regards to stock investing and, accordingly, investors seek companies that have increased their earnings at least 25% or more over the past 3 years.
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