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Digital Realty Falls 1.31% on Heavy Volume: Watch For Potential Rebound

By David Diaz

Digital Realty (NYSE:DLR) traded in a range yesterday that spanned from a low of $107.07 to a high of $109.28. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $107.92 on volume of 498,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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 4.3%. We continue to monitor DLR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, Digital Realty has traded in a range of $96.56 to $127.23 and is now at $107.28, 11% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has remained constant.

Keywords: rebounders digital realty

Ticker(s): DLR