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After Yesterday's Decline of 1.48%, City Office Reit Offers Investors Better Value

By James Quinn

City Office Reit (NYSE:CIO) traded in a range yesterday that spanned from a low of $13.18 to a high of $13.39. Yesterday, the shares fell 1.5%, which took the trading range below the 3-day low of $13.25 on volume of 56,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is tracking the current trend status for City Office Reit and will alert subscribers who have CIO in their portfolio or watchlist when shares have changed trend direction.

Over the past year, City Office Reit has traded in a range of $9.73 to $14.49 and is now at $13.19, 36% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has remained constant.

Keywords: rebounders city office reit

Ticker(s): CIO