• Return to Headlines

Realty Income Falls 2.21% on Heavy Volume: Watch For Potential Rebound

By David Diaz

Realty Income (NYSE:O) traded in a range yesterday that spanned from a low of $69.80 to a high of $71.11. Yesterday, the shares fell 2.2%, which took the trading range below the 3-day low of $70.72 on volume of 510,000 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.

In the past 52 weeks, Realty Income share prices have been bracketed by a low of $48.80 and a high of $74.14 and are now at $69.80, 43% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.3%.

Keywords: rebounders realty income

Ticker(s): O