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

By James Quinn

Sl Green Realty (NYSE:SLG) traded in a range yesterday that spanned from a low of $96.52 to a high of $98.88. Yesterday, the shares gained 1.0%, which took the trading range above the 3-day high of $98.43 on volume of 245,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Sl Green Realty share prices have moved between a 52-week high of $120.63 and a 52-week low of $89.46 and are now trading 10% above that low price at $98.61 per share. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.4%.

SmarTrend is tracking the current trend status for Sl Green Realty and will alert subscribers who have SLG in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders sl green realty

Ticker(s): SLG