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After Yesterday's Rally of 1.43% Shares Could Potentially Pullback

By Nick Russo

Digital Realty (NYSE:DLR) traded in a range yesterday that spanned from a low of $107.79 to a high of $109.65. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $108.86 on volume of 281,000 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, Digital Realty has traded in a range of $96.56 to $127.23 and is now at $109.40, 13% above that low. The 200-day and 50-day moving averages have moved 0.17% lower and 0.29% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Digital Realty on March 12th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $104.33. Since that recommendation, shares of Digital Realty have risen 3.6%. We continue to monitor DLR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders digital realty

Ticker(s): DLR