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Equity Residenti Set to Possibly Pullback After Yesterday's Rally of 1.05%

By Nick Russo

Equity Residenti (NYSE:EQR) traded in a range yesterday that spanned from a low of $65.27 to a high of $66.15. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $65.67 on volume of 475,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is tracking the current trend status for Equity Residenti and will alert subscribers who have EQR in their portfolio or watchlist when shares have changed trend direction.

Equity Residenti share prices have moved between a 52-week high of $71.53 and a 52-week low of $58.28 and are now trading 13% above that low price at $66.09 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.4%.

Keywords: rebounders equity residenti

Ticker(s): EQR