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SmarTrend Watching for Potential Pullback in Shares of Kimco Realty After 1.09% Gain

By James Quinn

Kimco Realty (NYSE:KIM) traded in a range yesterday that spanned from a low of $18.45 to a high of $18.58. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $18.56 on volume of 1.6 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Kimco Realty share prices have been bracketed by a low of $14.29 and a high of $18.64 and are now at $18.55, 30% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Kimco Realty on January 15th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $16.03. Since that recommendation, shares of Kimco Realty have risen 14.7%. We continue to monitor KIM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders kimco realty

Ticker(s): KIM