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After Yesterday's Rally of 1.04% Shares Could Potentially Pullback

By Amy Schwartz

National Retail Properties (NYSE:NNN) traded in a range yesterday that spanned from a low of $44.41 to a high of $45.01. Yesterday, the shares gained 1.0%, which took the trading range above the 3-day high of $44.50 on volume of 422,000 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 tracking the current trend status for National Retail Properties and will alert subscribers who have NNN in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, shares of National Retail Properties have traded between a low of $33.62 and a high of $53.60 and are now at $44.81, which is 33% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.2%.

Keywords: rebounders national retail properties

Ticker(s): NNN