REIT stocks to look at

ARA ASSET MANAGEMENT ($1.18) - Possible rally

- Price broke out of sideway range at $1.15

- Target of $1.26

- Support level at $1.15

ASCENDAS REIT ($1.95) - Sideways range

- Resistance is at $2 level

- A price break above $2 indicates a target of $2.20

- Support level at $1.93

ASCOTT RESIDENCE TRUST ($1.26) - Rebounding off support

- Resistance is at $1.38

- Prices should be able to hold at $1.24 in the event of any retreat

CDL HOSPITALITY TRUST ($1.90) - Temporary retreat

- Short term moves will probably be lower

- Support appears at $1.76

- Resistance is at $2

CAMBRIDGE INDUSTRIAL TRUST (50 cents) - Breaks out

- Prices broke out of resistance at 47 cents

- Break indicates target of 57 cents

SUNTEC REIT ($1.37) - Challenging resistance

- Support level is at $1.35

- Break above $1.37 would provide momentum to test $1.50

(Source: TheEdgeSingapore April 12 2010)