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Gladstone Commer Set to Possibly Rebound After Yesterday's Selloff of 1.91%

By James Quinn

Gladstone Commer (NASDAQ:GOOD) traded in a range yesterday that spanned from a low of $21.25 to a high of $21.87. Yesterday, the shares fell 1.9%, which took the trading range below the 3-day low of $21.72 on volume of 108,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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

Over the past year, Gladstone Commer has traded in a range of $20.03 to $23.98 and is now at $21.52, 7% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.2% while the 200-day MA has remained constant.

Keywords: rebounders gladstone commer

Ticker(s): GOOD