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After Yesterday's Decline of 1.32%, Digital Realty Offers Investors Better Value

By Nick Russo

Digital Realty (NYSE:DLR) traded in a range yesterday that spanned from a low of $107.44 to a high of $110.10. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $109.65 on volume of 529,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Digital Realty share prices have been bracketed by a low of $96.56 and a high of $125.10 and are now at $107.94, 12% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.5% while the 200-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Digital Realty on September 24th, 2018 by issuing a Downtrend alert when the shares were trading at $117.62. Since that call, shares of Digital Realty have fallen 6.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders digital realty

Ticker(s): DLR