Stock Trades Lower, Ending a Strong Trend
On Friday, shares of Agree Realty Corp. (Symbol: ADC) fell below their crucial 200-day moving average, which stands at $67.96. The stock traded as low as $67.58, reflecting a decrease of approximately 1.8% on the day. Below is a chart depicting the one-year performance of ADC shares alongside its 200-day moving average:
According to the chart, the lowest point for ADC over the past 52 weeks was $54.28, while the highest reached $78.385. The last recorded trade was $68.65, showing the stock is currently positioned closer to the lower end of its recent range.
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The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
