Alexandria Real Estate $ARE stock just broke below its 200 day moving average and its uptrend channelUptrend and downtrend channel patterns are technical analysis tools used to identify potential future price movements. They are formed by two parallel lines on a chart and can be u... wall support. The stock is in a steep downtrend channelUptrend and downtrend channel patterns are technical analysis tools used to identify potential future price movements. They are formed by two parallel lines on a chart and can be u... and could be headed back to test support at $142.91.
Alexandria Real Estate Equities, Inc. is a publicly traded real estate investment trust that focuses on acquiring, developing and managing properties in the life science industry. The company’s portfolio consists of office, lab, and industrial properties concentrated in technology clusters in the United States, primarily in the Boston-Cambridge, San Francisco Bay Area, San Diego, New York City, Seattle, and Research Triangle regions. It provides real estate solutions to life science and technology institutions, organizations, and companies.
It does make since that short-sellers are targeting all real estate stocks because of the shift in reality that interest rates will need to be raised and stay high longer than thought because of inflation. Most real estate transactions are financed and so with finance costs soaring (Fed rate hikes), it makes since to short real estate.
