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Jan 04, 2013 (Market movers via COMTEX) -- Arbor Realty Trust (NYSE:ABR), a company whose shares are moving quickly, is trading 3.2% higher to $6.40. The S&P is currently trading fractionally higher to 1,461 and the Dow Jones Industrial Average is trading fractionally lower to 13,390.
Over the past year, Arbor Realty Trust has traded in a range of $3.35 to $6.67 and is now at $6.40, 91% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has risen 0.2%.
Arbor Realty Trust, Inc. is a specialized real estate finance company. The Company invests in real estate related bridge and mezzanine loans, preferred equity and, in limited cases, discounted mortgage notes and other real estate related assets.
Arbor Realty Trust has overhead space with shares priced $6.40, or 11.7% below the average consensus analyst price target of $7.25. The stock should find initial support at its 200-day moving average (MA) of $5.60 and further support at its 50-day MA of $5.47.
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