Shares of Retail Opportunity Investments are trading up 0.7% to $12.92 today on above average volume. Today's volume of 453,000 shares tops the average 30-day volume of 369,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.
Retail Opportunity Investments (NASDAQ:ROIC) has potential upside of 9.8% based on a current price of $12.92 and analysts' consensus price target of $14.19. Retail Opportunity Investments shares should encounter resistance at the 50-day moving average (MA) of $12.95 and support at its 200-day MA of $12.57.
Retail Opportunity Investments Corp. is a real estate company. The Company intends to qualify as a REIT for U.S. federal incoming tax purposes and that expects to invest in, acquire, own, lease, reposition and manage a diverse portfolio of necessity-based retail properties, including, primarily, community and neighborhood shopping centers. The company will file for REIT status 2010.
Retail Opportunity Investments share prices have moved between a 52-week high of $13.20 and a 52-week low of $10.21 and are now trading 27% above that low price at $12.92 per share. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.