Retail Opportunity Investments (NASDAQ:ROIC) : Traders are bullish on Retail Opportunity Investments (NASDAQ:ROIC) as it has outperformed the S&P 500 by a wide margin of 4.88% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.36%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.65% in the last 1 week, and is up 6.57% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 35.32% from its 1 Year high price. On Jul 8, 2016, the shares registered one year high at $22.30 and the one year low was seen on Sep 1, 2015. The 50-Day Moving Average price is $20.79 and the 200 Day Moving Average price is recorded at $19.41.
The stock has recorded a 20-day Moving Average of 5.57% and the 50-Day Moving Average is 8.5%.
Retail Opportunity Investments (NASDAQ:ROIC): stock turned positive on Friday. Though the stock opened at $22.29, the bulls momentum made the stock top out at $22.3 level for the day. The stock recorded a low of $22.035 and closed the trading day at $22.22, in the green by 0.54%. The total traded volume for the day was 1,832,283. The stock had closed at $22.1 in the previous days trading.
Retail Opportunity Investments Corp. (ROIC) is an integrated, self-managed real estate investment trust (REIT). The Company is engaged in the ownership, management, and redevelopment of retail real estate properties. The Company also operates in the acquisition, ownership and management of necessity-based community and neighborhood shopping centers on the west coast of the United States, anchored by supermarkets and drugstores. The Company focuses on acquiring shopping centers located in densely populated, supply-constrained metropolitan markets in the western regions of the United States. The Company also focuses on acquiring necessity-based community and neighborhood shopping centers anchored by national and regional supermarkets and drugstores. The Companys wholly-owned subsidiary, Retail Opportunity Investments GP, LLC, is the general partner of the Operating Partnership.