Home » best stock today » RAIT Financial Trust (NYSE:RAS) stock price outlook october 2011

Wednesday, October 12, 2011

RAIT Financial Trust (NYSE:RAS) stock price outlook october 2011

RAIT Financial Trust (NYSE:RAS) stock price outlook october 2011 : RAIT Financial Trust (NYSE:RAS) is one of today's best performing low-priced stocks, up 2.6% to $3.92 on 0.3x average daily volume.Thus far today, RAIT Financial Trust has traded 336,000 shares, vs. average volume of 1.1 million shares per day. The company traded 985,000 shares yesterday.

RAIT Financial Trust is an internally managed real estate investment trust. The Trust originates secured and unsecured credit facilities including bridge and mezzanine loans, preferred equity investments, trust preferred securities and subordinated debt for private and corporate owners of commercial real estate, REITs, and real estate operating companies and their intermediaries.

Over the past year, RAIT Financial Trust has traded in a range of $1.50 to $7.31 and is now at $3.92, 161% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has declined 2.8%.

Potential upside of 91.3% exists for RAIT Financial Trust, based on a current level of $3.92 and analysts' average consensus price target of $7.50. The stock should discover initial support at its 50-day moving average (MA) of $3.75 and subsequent support at its 200-day MA of $3.21.

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1 comment:

  1. Baron parkerOctober 12, 2011 at 10:49 AM

    I am impress this post. It's provide many way to invest your money. That's nice to give a current position of different share exchange.

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    ReplyDelete

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