Essex Property Trust Upward Momentum Looks to Continue (ESS)
SmarTrend identified an Uptrend for Essex Property Trust (NYSE: ESS) on February 17, 2010 at $82.94. In approximately 3 weeks, Essex Property Trust has returned 8.9% as of today's recent price of $90.31.
Essex Property Trust is currently above its 50-day moving average of $83.35 and above its 200-day moving average of $75.45. Look for these moving averages to climb to confirm the company's upward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Essex Property Trust shares.
Write to Chip Brian at cbrian@tradethetrend.com
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