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Look for Shares of Vornado Rlty Tst to Potentially Rebound after Yesterday's 2.16% Sell Off

By David Diaz

Vornado Rlty Tst (NYSE:VNO) traded in a range yesterday that spanned from a low of $66.44 to a high of $67.93. Yesterday, the shares fell 2.2%, which took the trading range below the 3-day low of $67.27 on volume of 365,000 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, shares of Vornado Rlty Tst have traded between a low of $59.48 and a high of $77.59 and are now at $66.54, which is 12% above that low price. The 200-day and 50-day moving averages have moved 0.11% lower and 0.12% lower over the past week, respectively.

Keywords: rebounders vornado rlty tst

Ticker(s): VNO