National Retail Properties (NYSE: NNN) shares rose on Thursday February 2 on lower trade volume than normal after a number of analysts weighed in on the investing value of the stock with a downgraded rating.
Meanwhile, The Dow Jones Industrial Average DJIA, -0.10% fell 34 points, or 0.2%, to 19,858. The S&P 500 SPX, -0.11% lost 4 points to 2,276, a drop of 0.2%. The Nasdaq Composite Index COMP, -0.05% slid 16 points, or 0.3%, to 5,626. Among the most actively traded Nasdaq stocks was Facebook Inc FB, +0.31% which fell 0.7% a day after it reported its quarterly results.
Analysts at Zacks Investment Research downgraded shares of National Retail Properties (NYSE: NNN) from Hold to Sell in a research note to investors today. The company currently has a rating of Sell on the stock. The one-year price target of $48.46 is above the opening price of $42.10, that has caused a fair amount of other analysts to issue statements on the stock in recent days. Looking back over the last 52 weeks, National Retail Properties stock has a high of $53.60. Downgrades happen when analysts feel that the future prospects for the security have dropped from the original recommendation, usually because of a material and major change in the company’s actions, future vision or industry.
Shares of National Retail Properties (NYSE: NNN) opened at $42.10 yesterday and traded in a range between, $42.10 and $42.93, and last traded at $42.79, a spike of $0.64 over the previous closing price.
National Retail Properties (NYSE: NNN) now has a market cap of 6.30B.
National Retail Properties (NYSE: NNN) Average Daily Trading Volume
255,110 shares crossed the trading desk yesterday, 8 percent lower than the average, out of a total float 145,698,000. lower than normal. Look for trading volume to pick up in the coming days as investors often use increases in trading volume to identify heavy volume accumulation or distribution by institutional investors.
As with all potential breakouts, investors look for volume to be at least 40%-50% higher than normal on the breakout to show that fund managers and other professional investors are jumping in.
Institutional sponsorship commonly refers to ownership of a stock by mutual funds, banks, pension funds and other large institutions.
These professional investors retain substantial teams of analysts researching thousands of stocks, so it is good confirmation to see them buying a stock you are researching.
National Retail Properties (NYSE: NNN) Moving Averages
A moving average can also act as support or resistance. In an uptrend a 50-day, 100-day or 200-day moving average may act as a support level, as shown in the figure below.
This is because the average acts like a floor (support), so the price bounces up off of it.
In a downtrend a moving average may act as resistance; like a ceiling, the price hits it and then starts to drop again.
By spotting trends, moving averages allow investors to make those trends work in their favor and increase the number of winning trades.
Trades for National Retail Properties (NYSE: NNN) have ranged from $39.86 – 53.60, and the stock now has a 50-day MA of $44.04 and 200-day MA of $46.88. Today’s last price is 20.17%% below the 52 week high of $53.60.
Indeed, earnings growth is among the most important things to look at in regards to stock investing and, accordingly, investors seek companies that have increased their earnings at least 25% or more for a 3 year period.
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