WP Carey (WPC) is a publicly traded REIT that provides long-term sale-leaseback and build-to-suit financing for companies worldwide and manages an investment portfolio of approximately $12.7 billion. This stock is trading up 1.9% at $50.92 in recent trading.
Today's Volume: 368,000Average Volume: 222,765 Volume % Change: 322% >>4 Big Stocks to Trade (or Not) From a technical perspective, WPC is bouncing here right around some near-term support at $49.10 with above-average volume. This move is quickly pushing WPC within range of triggering a major breakout trade. That trade will hit once WPC manages to clear some near-term overhead resistance at $51.99 to $53.16 with high volume. Traders should now look for long-biased trades in WPC as long as it's trending above $49.10, and then once it sustains a move or close above those breakout levels with volume that hits near or above 222,765 shares. If that breakout triggers soon, then look for WPC to trend north of $55 and possibly tag $60 in the near future.
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