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

By James Quinn

Vornado Rlty Tst (NYSE:VNO) traded in a range yesterday that spanned from a low of $95.36 to a high of $97.25. Yesterday, the shares gained 1.0%, which took the trading range above the 3-day high of $96.79 on volume of 466,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is monitoring the recent change of momentum in Vornado Rlty Tst. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Vornado Rlty Tst in search of a potential trend change.

In the past 52 weeks, shares of Vornado Rlty Tst have traded between a low of $86.35 and a high of $111.72 and are now at $96.57, which is 12% above that low price. The 200-day and 50-day moving averages have moved 0.04% lower and 0.80% higher over the past week, respectively.

Keywords: rebounders vornado rlty tst

Ticker(s): VNO