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CoreSite Realty (
COR) is a fully integrated, self-administered and self-managed real estate investment trust. This stock is trading up 4.9% to $38.10 in recent trading.
Today's Volume: 382,000
Average Volume: 204,656
Volume % Change: 191%
>>5 Stocks Under $10 Set to Surge
From a technical perspective, COR is gapping up sharply higher here right above its 50-day moving average of $34.85 with above-average volume. This move has started to push shares of COR into breakout and new 52-week-high territory, since the stock has started to flirt with some near-term overhead resistance at $38.23. At last check, COR has hit an intraday high of $38.57, and volume is well above its three-month average action of 204,656 shares.
Traders should now look for long-biased trades in COR as long as it's trending above today's low of $37.80 and then once it sustains a move or close above $38.23 to $38.57 with volume that hits near or above 204,656 shares. If that breakout triggers soon, then COR will set up to enter new 52-week-high territory above $38.57, which is bullish technical price action. Some possible upside targets off that breakout are $40 to $43.
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