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Look for Shares of Vornado Rlty Tst to Potentially Rebound after Yesterday's 1.25% Sell Off

By Nick Russo

Vornado Rlty Tst (NYSE:VNO) traded in a range yesterday that spanned from a low of $75.56 to a high of $76.86. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $76.57 on volume of 260,000 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 Vornado Rlty Tst and will alert subscribers who have VNO in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, Vornado Rlty Tst share prices have been bracketed by a current low of $75.56 and a high of $111.72 and are now at $75.63. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has remained constant.

Keywords: rebounders vornado rlty tst

Ticker(s): VNO