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Realty Income Falls 1.02% on Heavy Volume: Watch For Potential Rebound

By Shiri Gupta

Realty Income (NYSE:O) traded in a range yesterday that spanned from a low of $56.34 to a high of $57.02. Yesterday, the shares fell 1.0%, which took the trading range below the 3-day low of $56.90 on volume of 455,000 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 Realty Income and will alert subscribers who have O in their portfolio or watchlist when shares have changed trend direction.

Over the past year, Realty Income has traded in a range of $52.72 to $72.30 and is now at $56.48, 7% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has risen 0.5%.

Keywords: rebounders realty income

Ticker(s): O