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Realty Income Rises 1.83% on Heavy Volume: Watch For Potential Pullback

By David Diaz

Realty Income (NYSE:O) traded in a range yesterday that spanned from a low of $75.55 to a high of $76.09. Yesterday, the shares gained 1.8%, which took the trading range above the 3-day high of $75.03 on volume of 596,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is monitoring the recent change of momentum in Realty Income. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Realty Income in search of a potential trend change.

Over the past year, Realty Income has traded in a range of $63.43 to $82.17 and is now at $76.16, 20% above that low. The 200-day and 50-day moving averages have moved 0.02% higher and 0.55% lower over the past week, respectively.

Keywords: rebounders realty income

Ticker(s): O