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Shares of New York Reit In Fall Below Previous 52-Week Low

By Shiri Gupta

Shares of New York Reit In (NYSE:NYRT) traded at a new 52-week low today of $8.29. So far today approximately 212,000 shares have been exchanged, as compared to an average 30-day volume of 779,000 shares.

Over the past year, New York Reit Inhas traded in a range of $8.29 to $10.15 and are now at $8.35. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has remained constant.

New York Reit In has overhead space with shares priced $8.35, or 16.0% below the average consensus analyst price target of $9.94. The stock should find initial resistance at its 50-day moving average (MA) of $9.92 and further resistance at its 200-day MA of $10.44.

New York REIT, Inc. is a real estate investment trust. The Company focuses on acquiring and operating commercial, office, and retail real estate properties in New York City.

SmarTrend recommended that its subscribers protect gains by selling shares of New York Reit In on May 11th, 2017 by issuing a Downtrend alert when the shares were trading at $8.77. Since that call, shares of New York Reit In have fallen 4.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows new york reit in

Ticker(s): NYRT