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September 2, 2009
Forest City in the News
SmarTrend, Forest City Enterprises (FCE.A) Bullish Technical Alert - Trend Up 40.4%
Forest City Enterprises (NYSE:FCE.A) is trading 2.3% higher (up $0.21 to $9.46) today on volume of 92,210 shares. The stock has traded within a 52-week range of $3.26 and $40.49.
Forest City Enterprises is currently above its 50-day moving average of $6.90 and above its 200-day moving average of $6.43.
SmarTrend is bullish on shares of FCE.A and our subscribers received an Uptrend alert on July 27, 2009 at $6.74, which has returned 40.4% to date.
Press Release, via Reuters.com, Forest City Announces Loan Extension and Tenants for Ridge Hill
Forest City Enterprises, Inc. (NYSE: FCEA and FCEB) today announced that Forest City Ratner Companies, its New York-based subsidiary, has reach an agreement with a 13-member bank group on a two-year extension and modification of the $557 million construction financing for the retail/mixed-use Ridge Hill project, currently under construction in Westchester County, New York.
The financing, which originally matured in August 2010, will now have an initial maturity of August 2012, with two 12-month extensions available.
Cleveland Plain Dealer, Forest City gets extension on $557 million in financing for New York project
Associated Press, viaForbes.com, Forest City unit modifies construction financing
Posted by lumi at September 2, 2009 4:37 AM