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Retail Opportunity Investments Shares Up 22.3% Since SmarTrend's Buy Recommendation (ROIC)
Jan 08, 2013 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified an Uptrend for Retail Opportunity Investments (NASDAQ:ROIC) on February 23rd, 2011 at $10.61. In approximately 23 months, Retail Opportunity Investments has returned 22.34% as of today's recent price of $12.98.
In the past 52 weeks, Retail Opportunity Investments share prices have been bracketed by a low of $10.21 and a high of $13.00 and are now at $12.98, 27% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.
Retail Opportunity Investments Corp. is a real estate company. The Company intends to qualify as a REIT for U.S. federal incoming tax purposes and that expects to invest in, acquire, own, lease, reposition and manage a diverse portfolio of necessity-based retail properties, including, primarily, community and neighborhood shopping centers. The company will file for REIT status 2010.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Retail Opportunity Investments shares.Log in and add Retail Opportunity Investments (ROIC) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.
Write to Chip Brian at cbrian@mysmartrend.com
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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
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