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Look for Shares of Digital Realty to Potentially Rebound after Yesterday's 1.03% Sell Off

By David Diaz

Digital Realty (NYSE:DLR) traded in a range yesterday that spanned from a low of $105.07 to a high of $106.92. Yesterday, the shares fell 1.0%, which took the trading range below the 3-day low of $106.22 on volume of 568,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Digital Realty have traded between a low of $85.63 and a high of $127.23 and are now at $105.61, which is 23% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.9% while the 200-day MA has risen 0.6%.

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

Keywords: rebounders digital realty

Ticker(s): DLR