JBG SMITH levels up 1.71% in yesterday's session; traders eye opening bell in a day time

Yesterday at a glance: pronounced bullish sentiment in the market helped the US REIT to make a notable 1.71% gain yesterday, rising 24 cents and ultimately closing at $14.27.

Meanwhile, United States Core PCE Price Index (MoM) (Mar) came out at 0.3, while a consensus of analysts was expecting 0.3. United States CFTC Crude Oil speculative net positions released yesterday at 20:30 UTC with a figure of 236,400, while the previous figure was 244,600. United States CFTC Gold speculative net positions released yesterday at 20:30 UTC with a figure of 185,300, while the previous figure was 189,900.

JBG SMITH Properties made an initial breakout above its 21 day Simple Moving Average at $14.3, a potential indicator of a newly emerging bullish phase. In contrast, although JBG SMITH is appreciating today after rising as high as $14.49, price action is now slowing and consolidating around 27 cents below the $14.54 resistance level.

Overall, looking at the technical analysis landscape, it seems JBG SMITH might continue pointing upwards in the short term.

A look at other real estate stocks also showed bullish price action as ProLogis was up 2.51%.

The US REIT is now trading 28.64% below its 3-month high of $27.22.