MPG target is $3.78, and $4.28 to back to mid and early 2011. Overbought the last 2 days while all other indicators are bullish. Support $3.00
9:21 AM MPG Office Trust (MPG) +10.4% premarket after a WSJ article suggests the REIT hired an adviser to seek out a buyer or cash investment. With the potential to pick up a large chunk of the downtown Los Angeles skyline in one fell swoop, real estate stalwarts such as BAM, PDM and TPGI are said to be considering bids.
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