Retail Opportunity Investments's Shares Changing Hands at Higher Prices on 1.2x Above-Average Volume (ROIC)

Published on Wed, 02/27/2013 - 14:14
By Peter Chu in Unusual volume, ROIC, nasdaq:roic, retail opportunity investments, unusual volume

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.

By Peter Chu
pchu@fnno.com

Latest News from FNNO

Watch for Continued Gains in Shares of W...

Weingarten Realty Investors (NYSE:WRI) traded today at a new 52-week high of $34.07. S ...

VCA Antech Looks to Continue to Trade Ab...

Shares of VCA Antech (NASDAQ:WOOF) traded at a new 52-week high today of $38.05. So fa ...

WellPoint: 52-Week High Recently Eclipse...

WellPoint (NYSE:WLP) traded at a new 52-week high today of $116.26. Approximately 1.5 ...

Shares of Whiting Petroleum Rise Above P...

Whiting Petroleum (NYSE:WLL) traded today at a new 52-week high of $88.90. This new hi ...

Windstream: The Winning Streak Continues...

Shares of Windstream (NASDAQ:WIN) traded today at $10.35, breaking its 52-week high. S ...

Shares of Vanguard Natural Resources Ris...

Shares of Vanguard Natural Resources (NYSE:VNR) traded at a new 52-week high today of $ ...

Watch for Continued Gains in Shares of U...

Union Pacific (NYSE:UNP) traded today at a new 52-week high of $102.98. So far today a ...

Take-Two Interactive Software: The Winni...

Shares of Take-Two Interactive Software (NASDAQ:TTWO) traded today at $23.48, breaking ...