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Look for Shares of Realpage Inc to Potentially Rebound after Yesterday's 1.72% Sell Off

By Shiri Gupta

Realpage Inc (NASDAQ:RP) traded in a range yesterday that spanned from a low of $56.58 to a high of $57.92. Yesterday, the shares fell 1.7%, which took the trading range below the 3-day low of $57.22 on volume of 360,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that its subscribers protect gains by selling shares of Realpage Inc on May 7th, 2019 by issuing a Downtrend alert when the shares were trading at $60.79. Since that call, shares of Realpage Inc have fallen 4.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Realpage Inc share prices have moved between a 52-week high of $66.25 and a 52-week low of $42.90 and are now trading 33% above that low price at $57.19 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.4%.

Keywords: rebounders realpage inc

Ticker(s): RP