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Bearish Moving Average Cross by Vornado Realty Trust (VNO)

By David Diaz

Today, shares of Vornado Realty Trust (NYSE:VNO) have crossed bearishly below their 10-day moving average of $100.18 on a volume of 208K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Vornado Realty Trust has traded in a range of $78.91 to $105.50 and is now at $99.96, 27% above that low. The 200-day and 50-day moving averages have moved 0.04% lower and 0.80% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Vornado Realty Trust and will alert subscribers who have VNO in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses vornado realty trust

Ticker(s): VNO