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After Yesterday's Decline of 1.89%, DDR Offers Investors Better Value

By Amy Schwartz

DDR (NYSE:DDR) traded in a range yesterday that spanned from a low of $12.43 to a high of $12.74. Yesterday, the shares fell 1.9%, which took the trading range below the 3-day low of $12.69 on volume of 3.1 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, DDR share prices have been bracketed by a low of $12.13 and a high of $19.92 and are now at $12.46, 3% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has risen 0.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of DDR on September 12th, 2016 by issuing a Downtrend alert when the shares were trading at $18.25. Since that call, shares of DDR have fallen 30.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders

Ticker(s): DDR