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Look for Shares of Sl Green Realty to Potentially Rebound after Yesterday's 1.90% Sell Off

By David Diaz

Sl Green Realty (NYSE:SLG) traded in a range yesterday that spanned from a low of $97.68 to a high of $100.22. Yesterday, the shares fell 1.9%, which took the trading range below the 3-day low of $100.00 on volume of 321,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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

In the past 52 weeks, Sl Green Realty share prices have been bracketed by a low of $93.90 and a high of $120.63 and are now at $97.71, 4% above that low price. The 200-day and 50-day moving averages have moved 0.18% lower and 1.39% higher over the past week, respectively.

Keywords: rebounders sl green realty

Ticker(s): SLG