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Is Piedmont Office Realty Trust (PDM) Ready to Breakout?

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Are you a technical investor? If so, it may be time to consider Piedmont Office Realty Trust, Inc. (PDM - Free Report) 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 PDM.

This trend may have already begun, as shares of PDM have moved by higher by 5.9% in just the past month. Plus, PDM has earned itself a Zacks Rank #2 (Buy), so there is plenty of reason to believe that the run for Piedmont Office Realty Trust has plenty of life left.

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