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SmarTrend Watching for Potential Pullback in Shares of Paramount Group After 2.27% Gain

By James Quinn

Paramount Group (NYSE:PGRE) traded in a range yesterday that spanned from a low of $13.59 to a high of $13.79. Yesterday, the shares gained 2.3%, which took the trading range above the 3-day high of $13.72 on volume of 218,000 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, Paramount Group share prices have been bracketed by a low of $12.18 and a high of $15.11 and are now at $13.71, 13% above that low price. The 200-day and 50-day moving averages have moved 0.15% lower and 0.12% higher over the past week, respectively.

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

Keywords: rebounders paramount group

Ticker(s): PGRE