Is Piedmont Office Realty Trust (PDM) Ready to Breakout? - Tale of the Tape

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

 
PIEDMONT OFFICE (NYSE: PDM): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!