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SmarTrend Watching for Potential Pullback in Shares of Qts Realty Tru-A After 1.94% Gain

By David Diaz

Qts Realty Tru-A (NYSE:QTS) traded in a range yesterday that spanned from a low of $34.59 to a high of $35.48. Yesterday, the shares gained 1.9%, which took the trading range above the 3-day high of $35.03 on volume of 375,000 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 Qts Realty Tru-A have traded between a low of $31.58 and a high of $61.55 and are now at $35.33, which is 12% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 1.1%.

SmarTrend recommended that its subscribers protect gains by selling shares of Qts Realty Tru-A on November 16th, 2017 by issuing a Downtrend alert when the shares were trading at $56.82. Since that call, shares of Qts Realty Tru-A have fallen 39.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders qts realty tru-a

Ticker(s): QTS