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SmarTrend Watching for Potential Pullback in Shares of Lexington Realty After 1.27% Gain

By David Diaz

Lexington Realty (NYSE:LXP) traded in a range yesterday that spanned from a low of $11.40 to a high of $11.56. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $11.45 on volume of 371,000 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, shares of Lexington Realty have traded between a low of $8.76 and a high of $11.48 and are now at $11.46, which is 31% above that low price. The 200-day and 50-day moving averages have moved 0.44% higher and 0.13% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Lexington Realty and will alert subscribers who have LXP in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders lexington realty

Ticker(s): LXP