After Yesterday's Rally of 1.36% Shares Could Potentially Pullback
Duke Realty (NYSE:DRE) traded in a range yesterday that spanned from a low of $18.33 to a high of $18.68. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $18.52 on volume of 2.5 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
Duke Realty share prices have moved between a 52-week high of $18.80 and a 52-week low of $14.14 and are now trading 32% above that low price at $18.60 per share. The 200-day and 50-day moving averages have moved 0.29% higher and 0.31% higher over the past week, respectively.
SmarTrend recommended that subscribers consider buying shares of Duke Realty on February 4th, 2014 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $15.86. Since that recommendation, shares of Duke Realty have risen 15.7%. We continue to monitor DRE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
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