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First Ind Realty Set to Possibly Pullback After Yesterday's Rally of 1.32%

By Amy Schwartz

First Ind Realty (NYSE:FR) traded in a range yesterday that spanned from a low of $38.68 to a high of $39.10. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $38.82 on volume of 288,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of First Ind Realty on June 7th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $36.47. Since that recommendation, shares of First Ind Realty have risen 5.6%. We continue to monitor FR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

First Ind Realty share prices have moved between a 52-week high of $39.63 and a 52-week low of $27.30 and are now trading 43% above that low price at $39.00 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has risen 0.4%.

Keywords: rebounders first ind realty

Ticker(s): FR