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Look for Shares of Realogy Holdings to Potentially Pullback after Yesterday's 7.22% Rise

By David Diaz

Realogy Holdings (NYSE:RLGY) traded in a range yesterday that spanned from a low of $20.51 to a high of $21.41. Yesterday, the shares gained 7.2%, which took the trading range above the 3-day high of $20.79 on volume of 6.7 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Realogy Holdings share prices have been bracketed by a low of $19.71 and a high of $35.00 and are now at $21.18, 7% above that low price. The 200-day and 50-day moving averages have moved 0.49% lower and 0.96% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Realogy Holdings on April 24th, 2018 by issuing a Downtrend alert when the shares were trading at $25.12. Since that call, shares of Realogy Holdings have fallen 21.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders realogy holdings

Ticker(s): RLGY