Invested Central.com chart podcast lesson of the day
By INVESTED CENTRAL
DDR is a $3.2 billion financial company that operates as a real estate investment trust (REIT) in the United States. The company engages in acquiring, developing, redeveloping, owning, leasing, and managing shopping centers, mini-malls, and lifestyle centers. After reaching about $1.00 at its low a couple years back, DDR rose to approximately $13.60 at its April 2010 high. That huge gain deserved a period of consolidation and that’s what DDR did since April – falling back to $8.90 in early July before rising all the way back up to $13.60 a week or so ago. This past week, DDR has fallen back in a handle-type formation, testing its 20 day EMA in the process. We’d look for a heavy volume breakout in the days or weeks ahead as real estate in particular looks strong technically. A heavy volume push beneath DDR’s 50 day SMA should be respected. Otherwise, look for higher prices.
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