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Look for Shares of First Ind Realty to Potentially Pullback after Yesterday's 2.06% Rise

By Shiri Gupta

First Ind Realty (NYSE:FR) traded in a range yesterday that spanned from a low of $42.69 to a high of $43.24. Yesterday, the shares gained 2.1%, which took the trading range above the 3-day high of $43.18 on volume of 70,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

First Ind Realty share prices have moved between a 52-week high of $43.24 and a 52-week low of $27.30 and are now trading 58% above that low price at $43.12 per share. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.5%.

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

Keywords: rebounders first ind realty

Ticker(s): FR