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After Yesterday's Decline of 1.68%, Hudson Pacific P Offers Investors Better Value

By Nick Russo

Hudson Pacific P (NYSE:HPP) traded in a range yesterday that spanned from a low of $31.59 to a high of $32.22. Yesterday, the shares fell 1.7%, which took the trading range below the 3-day low of $31.89 on volume of 335,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that its subscribers protect gains by selling shares of Hudson Pacific P on July 6th, 2017 by issuing a Downtrend alert when the shares were trading at $33.17. Since that call, shares of Hudson Pacific P have fallen 3.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Hudson Pacific P share prices have moved between a 52-week high of $36.75 and a 52-week low of $26.99 and are now trading 17% above that low price at $31.69 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.5% while the 200-day MA has remained constant.

Keywords: rebounders hudson pacific p

Ticker(s): HPP