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After Yesterday's Rally of 1.01% Shares Could Potentially Pullback

By James Quinn

Coresite Realty (NYSE:COR) traded in a range yesterday that spanned from a low of $94.27 to a high of $96.67. Yesterday, the shares gained 1.0%, which took the trading range above the 3-day high of $96.58 on volume of 89,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Coresite Realty share prices have moved between a 52-week high of $120.85 and a 52-week low of $64.81 and are now trading 48% above that low price at $96.12 per share. The 200-day and 50-day moving averages have moved 0.98% higher and 1.50% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Coresite Realty on January 11th, 2018 by issuing a Downtrend alert when the shares were trading at $108.91. Since that call, shares of Coresite Realty have fallen 12.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders coresite realty

Ticker(s): COR