I mentioned on Sunday that First REIT could see 77c tested soon and it did so with aplomb today. Indeed, it went on to close higher at 79c on the back of much higher volume with a total of 3,413 lots changing hands.
With 1,022 lots bought up at 79c after the market closed, there is a good chance that price could test resistance provided by the declining 200dMA at 80c in the next session.
