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Downgrade Alert for Digital Realty Trust (DLR)
Mar 15, 2012 (SmarTrend(R) Upgrades/Downgrades via COMTEX) --
Digital Realty Trust (NYSE:DLR) was downgraded from Buy to Hold at Jefferies today. The stock closed yesterday at $72.33 on volume of 865,000 shares, below average daily volume of 1.1 million. Digital Realty Trust, Inc. owns, acquires, repositions, and manages technology-related real estate. The Company's properties contain applications and operations critical to the day-to-day operations of technology industry tenants and corporate enterprise data center tenants. Digital's property portfolio is located throughout the United States and in England.
Digital Realty Trust share prices have moved between a 52-week high of $73.73 and a 52-week low of $50.63 and closed yesterday at 43% above that low price at $72.33 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.5%.
Digital Realty Trust (NYSE:DLR) defies analysts with a current price ($72.33) 1.4% above its average consensus price target of $71.35. Digital Realty Trust shares have support at the 50-day moving average (MA) of $69.68 and additional support at the 200-day MA of $62.86.
SmarTrend recommended that subscribers consider buying shares of Digital Realty Trust on October 7th, 2011 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $56.02. Since that recommendation, shares of Digital Realty Trust have risen 29.1%. We continue to monitor DLR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Write to Chip Brian at cbrian@mysmartrend.com
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