TMCnet News
Upgrade Alert for Home Properties (HME)Feb 01, 2012 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Home Properties (NYSE:HME) was upgraded from Underperform to Market Perform at Keefe Bruyette today. The stock closed yesterday at $59.58 on volume of 634,000 shares, above average daily volume of 452,000. Over the past year, Home Properties has traded in a range of $52.11 to $67.27 and closed yesterday at $59.58, 14% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%. Home Properties (NYSE:HME) has potential upside of 3.8% based on a current price of $59.58 and analysts' consensus price target of $61.86. The stock should discover initial support at its 200-day moving average (MA) of $59.49 and subsequent support at its 50-day MA of $55.85. Home Properties, Inc. is a real estate investment trust with operations in selected Northeast, Midwest, and Mid-Atlantic markets in the United States. The Company owns, operates, acquires, and rehabilitates apartment communities. Home Properties also manages commercial space. SmarTrend is monitoring the recent change of momentum in Home Properties. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Home Properties in search of a potential trend change. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |