Will Boston Properties' Stock Test $100 in 2011?

Filed under: Stocks to Buy

The share of commercial real estate play Boston Properties (BXP) first discussed here on June 11, 2009 at a price of $48.89, have meandered at/near $85 for the better part of three months, and now may be a good time to consider taking some profits with BXP, if you're in at/near $49.



Further, during that period BXP also probed the $90 level three times, but failed to remain above it -- a bearish sign, and another data point that suggests that extracting some stock gains at this juncture would be prudent.



That said, Boston Properties' business model is still favored here. Boston Properties is a commercial real estate sector survivor -- no modest achievement, given the nation's deep 2007-2009 economic downturn.

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Will Boston Properties' Stock Test $100 in 2011? originally appeared on BloggingStocks on Mon, 10 Jan 2011 19:00:00 EST. Please see our terms for use of feeds.

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