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After Yesterday's Rally of 1.37% Shares Could Potentially Pullback

By Shiri Gupta

Ddr Corp (NYSE:DDR) traded in a range yesterday that spanned from a low of $7.28 to a high of $7.40. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $7.32 on volume of 2.3 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Ddr Corp has traded in a range of $6.76 to $19.92 and is now at $7.38, 9% above that low. The 200-day and 50-day moving averages have moved 0.20% higher and 0.67% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Ddr Corp on February 1st, 2018 by issuing a Downtrend alert when the shares were trading at $7.99. Since that call, shares of Ddr Corp have fallen 8.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders ddr corp

Ticker(s): DDR