Sun Communities Stock Continues to Climb

Zacks reports Sun Communities,’ Inc. (NYSE:SUI) stock has risen eight percent in a one month period, jumping from $36.97 to $39.92 today. SmarTrend, which analyzes over 5,000 stocks daily, predicted an uptrend for the MHC owner Aug. 16. The 52-week spread has been from $29.21 to $40.21. The current price is 37% above its lowest price. In the last five days of trading the 50 day moving average (MA) has remained constant, while the 200 MA has increased 0.26 %. SmarTrend expects Sun to continue moving upward. According to the 22nd Allen Report, Sun Communities is the fourth largest MHC owner in North America with over 47,000 home sites.

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