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Look for Shares of National Retail to Potentially Rebound after Yesterday's 1.46% Sell Off

By David Diaz

National Retail (NYSE:NNN) traded in a range yesterday that spanned from a low of $39.74 to a high of $40.42. Yesterday, the shares fell 1.5%, which took the trading range below the 3-day low of $40.20 on volume of 265,000 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 National Retail have traded between a low of $36.45 and a high of $53.59 and are now at $39.88, which is 9% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has risen 0.4%.

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

Keywords: rebounders national retail

Ticker(s): NNN