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Realty Income Crosses Above its 10-day MA (O)

By James Quinn

Today, shares of Realty Income (NYSE:O) have crossed bullishly above their 10-day moving average of $54.36 on a volume of 338K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Realty Income share prices have been bracketed by a low of $43.15 and a high of $72.29 and are now at $54.60, 27% 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 8.7%. 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