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Realogy Holdings Falls 3.71% on Heavy Volume: Watch For Potential Rebound

By Shiri Gupta

Realogy Holdings (NYSE:RLGY) traded in a range yesterday that spanned from a low of $20.02 to a high of $21.87. Yesterday, the shares fell 3.7%, which took the trading range below the 3-day low of $21.95 on volume of 3.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Realogy Holdings share prices have been bracketed by a current low of $20.02 and a high of $35.18 and are now at $21.17. The 200-day and 50-day moving averages have moved 0.78% lower and 0.34% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Realogy Holdings on April 24th, 2018 by issuing a Downtrend alert when the shares were trading at $25.12. Since that call, shares of Realogy Holdings have fallen 12.1%. 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