SmarTrend Watching for Potential Pullback in Shares of Alexandria Real Estate Equities After 1.11% Gain
Alexandria Real Estate Equities (NYSE:ARE) traded in a range yesterday that spanned from a low of $104.17 to a high of $105.55. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $105.41 on volume of 433,000 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 tracking the current trend status for Alexandria Real Estate Equities and will alert subscribers who have ARE in their portfolio or watchlist when shares have changed trend direction.
In the past 52 weeks, Alexandria Real Estate Equities share prices have been bracketed by a low of $70.69 and a high of $114.67 and are now at $105.29, 49% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.7%.
Keywords: rebounders Alexandria Real Estate Equities