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Look for Shares of Digital Realty to Potentially Rebound after Yesterday's 1.91% Sell Off

By James Quinn

Digital Realty (NYSE:DLR) traded in a range yesterday that spanned from a low of $119.57 to a high of $121.26. Yesterday, the shares fell 1.9%, which took the trading range below the 3-day low of $120.86 on volume of 247,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Digital Realty has traded in a range of $100.05 to $125.10 and is now at $119.59, 20% above that low. The 200-day and 50-day moving averages have moved 0.17% higher and 0.73% higher over the past week, respectively.

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