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After Yesterday's Decline of 1.20%, Brixmor Property Offers Investors Better Value

By Nick Russo

Brixmor Property (NYSE:BRX) traded in a range yesterday that spanned from a low of $19.28 to a high of $19.53. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $19.43 on volume of 936,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Brixmor Property has traded in a range of $17.35 to $29.14 and is now at $19.39, 12% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has remained constant.

SmarTrend is tracking the current trend status for Brixmor Property and will alert subscribers who have BRX in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders brixmor property

Ticker(s): BRX