Thursday, June 1, 2017

Acadia Realty Trust Declines with other REIT's



$AKR is a REIT in the equity trust retail sector that has been taken a hit with the other major REIT's this year. In addition, institutional holdings have decreased with sold out positions scaling above new positions. As the price currently retraced to key resistance at $27.57 (61.8% Fib), I'm expecting further depreciation as this sector is expected to see a massive downside from the retail shopping sector due to the increasing online shopping arena.

Let's see how this story will play out.








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