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After Yesterday's Rally of 1.67% Shares Could Potentially Pullback

By David Diaz

Government Propertiesome Trust (NYSE:GOV) traded in a range yesterday that spanned from a low of $22.22 to a high of $22.64. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $22.58 on volume of 247,000 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, Government Propertiesome Trust has traded in a range of $12.33 to $24.61 and is now at $22.59, 83% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 2.8%.

SmarTrend recommended that subscribers consider buying shares of Government Propertiesome Trust on March 24th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $20.62. Since that recommendation, shares of Government Propertiesome Trust have risen 7.7%. We continue to monitor GOV for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders government propertiesome trust

Ticker(s): GOV