• Return to Headlines

After Yesterday's Rally of 1.45% Shares Could Potentially Pullback

By David Diaz

Northstar Realty (NYSE:NRE) traded in a range yesterday that spanned from a low of $13.09 to a high of $13.39. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $13.27 on volume of 213,000 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, Northstar Realty has traded in a range of $8.50 to $14.70 and is now at $13.29, 56% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 1.9%.

SmarTrend recommended that subscribers consider buying shares of Northstar Realty on March 13th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $12.57. Since that recommendation, shares of Northstar Realty have risen 4.2%. We continue to monitor NRE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders northstar realty

Ticker(s): NRE