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After Yesterday's Rally of 1.66% Shares Could Potentially Pullback

By James Quinn

Duke Realty (NYSE:DRE) traded in a range yesterday that spanned from a low of $28.79 to a high of $29.15. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $28.77 on volume of 1.4 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 $29.25 and a 52-week low of $17.60 and are now trading 65% above that low price at $29.08 per share. The 200-day and 50-day moving averages have moved 0.28% higher and 0.71% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Duke Realty on April 3rd, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $26.40. Since that recommendation, shares of Duke Realty have risen 8.5%. We continue to monitor DRE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders duke realty

Ticker(s): DRE