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Look for Shares of Realogy Holdings to Potentially Rebound after Yesterday's 2.49% Sell Off

By Shiri Gupta

Realogy Holdings (NYSE:RLGY) traded in a range yesterday that spanned from a low of $11.64 to a high of $11.74. Yesterday, the shares fell 2.5%, which took the trading range below the 3-day low of $11.81 on volume of 646,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Realogy Holdings share prices have moved between a 52-week high of $28.07 and the current low of $11.64 and are currently at $11.74 per share. Over the past week, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has declined 1.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Realogy Holdings on January 24th, 2019 by issuing a Downtrend alert when the shares were trading at $16.35. Since that call, shares of Realogy Holdings have fallen 26.4%. 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