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TMCNet:  Shares of RNP Up 26.8% Since Uptrend Call on Shares

[November 07, 2012]

Shares of RNP Up 26.8% Since Uptrend Call on Shares

Nov 07, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified an Uptrend for Cohen & Steers REIT and Preferred Income Fund (NYSE:RNP) on October 24th, 2011 at $13.63. In approximately 13 months, Cohen & Steers REIT and Preferred Income Fund has returned 26.78% as of today's recent price of $17.28.
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In the past 52 weeks, Cohen & Steers REIT and Preferred Income Fund share prices have been bracketed by a low of $13.50 and a high of $18.33 and are now at $17.25, 28% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has remained constant.

Cohen & Steers REIT and Preferred Income Fund, Inc. is a recently-organized, non -diversified, closed-end management investment company. The Fund's primary objective is high current income. The Fund will invest 40% of its total assets in common stocks issued by real estate companies, 40% in preferred securities and 20% in other debt securities.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Cohen & Steers REIT and Preferred Income Fund shares.Log in and add Cohen & Steers REIT and Preferred Income Fund (RNP) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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