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Realty Income Bearish Moving Average Crossover Alert (O)

By Nick Russo

Realty Income (NYSE:O) shares have crossed bearishly below their 10-day moving average of $55.39 on a volume of 228K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Realty Income have traded between a low of $43.15 and a high of $72.29 and are now at $55.06, which is 28% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Realty Income on April 26th, 2017 by issuing a Downtrend alert when the shares were trading at $59.39. Since that call, shares of Realty Income have fallen 6.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses realty income

Ticker(s): O