Brandywine Realty Trust (NYSE: BDN) shares rose in value Monday Dec 19 with lighter trade volume than normal after a number of analysts weighed in on the investing value of the stock with a upgraded rating.
Meanwhile, the Dow Jones Industrial Average DJIA, +0.22% was trading up 37 points, or 0.2%, at 19,879, inching up to break the psychologically important 20,000 level.
The S&P 500 index SPX, +0.20% was up 6 points, or 0.3% at 2,264, with nine of the 11 main sectors trading higher.
The Nasdaq Composite Index COMP, +0.32% added 18 points, or 0.3% to 5,455.
Analysts at Evercore ISI upgraded shares of Brandywine Realty Trust (NYSE: BDN) from Hold to Buy today. With a rating of Buy on the shares, the company has a 52-week high of $17.05. As a means of comparison, a number of other analysts have commented on the company in recent days, and the company has secured a consensus one-year price target of $16.39, above the opening price of $16.03. Share prices sometimes get a boost to the upside when analysts upgrade a stock.
Brandywine Realty Trust (NYSE: BDN) shares last traded at $16.06, which is a spike of $0.36 or 2.26% over the previous closing price. Opening at $16.03, they varied from $15.86 and $16.11 throughout the day.
Brandywine Realty Trust (NYSE: BDN) now has a market cap of 2.80B.
Brandywine Realty Trust (NYSE: BDN) Average Daily Trading Volume
The stock’s average daily volume is 1,575,100 shares out of a total float 172,061,000 and some 166,796 shares crossed the trading desk yesterday, lower than the norm. Trading volume is likely to increase in the next few days as swing traders often use increases in trading volume to identify substantial volume growth or distribution by institutional investors.
As with all possible breakouts, investors watch for volume to be at least 40%-50% greater than normal on the breakout to show that fund managers and other professional investors are jumping in.
Institutional sponsorship simply refers to ownership of a stock by mutual funds, banks, pension funds and other large institutions.
These professional investors have teams of analysts researching thousands of stocks, so it is good corroboration to see them taking a postion in a stock you are researching.
Brandywine Realty Trust (NYSE: BDN) 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.
By following the activity of these professional investors—and the moving averages they influence—it allows for traders to make more useful choices on trades.
Trades for Brandywine Realty Trust (NYSE: BDN) have ranged from $11.22 – 17.050, and the stock now has a 50-day MA of $15.19 and 200-day MA of $15.84. Today’s last price is 5.84%% under the 52 week high of $17.05.
Earnings growth is a critical factor to look at when investing in stocks and investors watch for companies that have increased their earnings at least 25% or more for 3 consecutive years.
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