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ADC Makes Bullish Cross Above Critical Moving Average

By Market News Video Staff, Thursday, October 6, 3:51 PM ET
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In trading on Thursday, shares of Agree Realty Corp. (NYSE:ADC) crossed above their 200 day moving average of $22.78, changing hands as high as $22.95 per share. Agree Realty Corp. shares are currently trading down about 0.1% on the day. The chart below shows the one year performance of ADC shares, versus its 200 day moving average:

Agree Realty Corp. 200 Day Moving Average Chart

Looking at the chart above, ADC's low point in its 52 week range is $19.50 per share, with $29.25 as the 52 week high point — that compares with a last trade of $22.58.

ADC operates in the REITs sector, among companies like Camden Property Trust (NYSE:CPT) which is up about 1.9% today, and Prologis Inc (NYSE:PLD) trading up by about 3.4%. Below is a three month price history chart comparing the stock performance of ADC, versus CPT and PLD.

ADC,CPT,PLD Relative Performance Chart


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