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Stock to Watch: Maguire Properties Up 5.1% (MPG)
Mar 05, 2013 (SmarTrend(R) Spotlight via COMTEX) --
Maguire Properties (NYSE:MPG) is one of today's best performing low-priced stocks, up 5.1% to $2.86 on 1.2x average daily volume. Maguire Properties has traded 480,000 shares thus far today, vs. average volume of 406,000 shares per day. The stock has outperformed the Dow (5.1% to the Dow's 1.0%) and outperformed the S&P 500 (5.1% to the S&P's 1.0%) during today's trading.
Over the past year, Maguire Properties has traded in a range of $1.66 to $3.81 and is now at $2.86, 72% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has declined 0.3%.
Maguire Properties, Inc. is a real estate investment trust that owns and operates Class A office properties in the Los Angeles central business district in California. The Company is primarily focused on owning and operating high quality office properties in the high-barrier-to-entry Southern California market.
Potential upside of 66.1% exists for Maguire Properties, based on a current level of $2.86 and analysts' average consensus price target of $4.75. The stock should find resistance at its 50-day moving average (MA) of $2.96, as well as support at its 200-day MA of $2.82.
SmarTrend is tracking the current trend status for Maguire Properties and will alert subscribers who have MPG in their portfolio or watchlist when shares have changed trend direction.
Write to Chip Brian at cbrian@mysmartrend.com
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