SmarTrend tells MHProNews.com 63,000 shares of Sun Communities (NYSE:SUI) traded hands early today as the stock hit a 52-week high of $45.19. Trading in a range from $30.49 to $45.19 over the past year, the stock has risen 47 percent over the lowest share price. The 50-day moving average (MA) has increased +0.2%, while the 200-day MA has moved up +0.3%. Shares of Sun have risen 6.3% since June 14, 2012 when they hit $41.61 and SmarTrend suggested an Uptrend was in the making. The Southfield, Michigan-based real estate investment trust (REIT) has a portfolio of 162 MH and RV communities in the U.S.
(Image credit: Sun Communities)