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SmarTrend Watching for Potential Pullback in Shares of Vornado Realty Trust After 1.49% Gain

By Shiri Gupta

Vornado Realty Trust (NYSE:VNO) traded in a range yesterday that spanned from a low of $92.24 to a high of $94.32. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $93.80 on volume of 387,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that its subscribers protect gains by selling shares of Vornado Realty Trust on March 8th, 2017 by issuing a Downtrend alert when the shares were trading at $106.66. Since that call, shares of Vornado Realty Trust have fallen 13.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, shares of Vornado Realty Trust have traded between a low of $78.91 and a high of $111.72 and are now at $94.10, which is 19% above that low price. The 200-day and 50-day moving averages have moved 0.04% lower and 0.80% higher over the past week, respectively.

Keywords: rebounders vornado realty trust

Ticker(s): VNO