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Kimco Realty Set to Possibly Rebound After Yesterday's Selloff of 1.55%

By James Quinn

Kimco Realty (NYSE:KIM) traded in a range yesterday that spanned from a low of $22.25 to a high of $22.65. Yesterday, the shares fell 1.5%, which took the trading range below the 3-day low of $22.43 on volume of 1.0 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Kimco Realty share prices have moved between a 52-week high of $32.24 and a 52-week low of $21.43 and are now trading 4% above that low price at $22.30 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.6%.

SmarTrend recommended that its subscribers protect gains by selling shares of Kimco Realty on August 16th, 2016 by issuing a Downtrend alert when the shares were trading at $29.98. Since that call, shares of Kimco Realty have fallen 24.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders kimco realty

Ticker(s): KIM