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Tale of the Tape

Zacks Equity Research

Moving Average Crossover: Great News for Agree Realty Corporation (ADC)?
November 04, 2013


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Are you a technical investor? If so, it may be time to consider Agree Realty Corporation (ADC) for your portfolio. The company just saw its 50 Day Moving Average breakout above its 200 Day Simple moving average, a trend that could indicate some bullishness in the future for ADC.

This trend may have already begun, as shares of ADC have moved by higher by 6.8% in just the past month. Plus, ADC has earned itself a Zacks Rank #2 (Buy), so there is plenty of reason to believe that the run for Agree Realty Corporation has plenty of life left.