Deutsche Wohnen (FRA:DWNI) Shares Break Above 50-Day Moving Average – Here’s What Happened

Deutsche Wohnen SE (FRA:DWNI) passed above its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of €15.86 and traded as high as €16.04. Deutsche Wohnen shares last traded at €15.88, with a volume of 51,701 shares traded.

Deutsche Wohnen Stock Up 1.0%

The company has a 50-day simple moving average of €15.80 and a 200 day simple moving average of €18.69.

Deutsche Wohnen Company Profile

Deutsche Wohnen SE develops and manages residential properties in Germany. The company operates through Rental, Value-add, Recurring Sales, Development, and Care segment. The Rental segment offers value-enhancing management to residential real estate portfolio. The Value- add segment engages in the core business of letting. This segment also includes multimedia services and the supply of energy. The Recurring Sales segment includes sales of individual condominiums and single-family homes. The Development segment includes project development to create new living space.