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SmarTrend Watching for Potential Pullback in Shares of Weingarten Rlty After 1.44% Gain

By Shiri Gupta

Weingarten Rlty (NYSE:WRI) traded in a range yesterday that spanned from a low of $27.59 to a high of $28.07. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $27.85 on volume of 518,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Weingarten Rlty has traded in a range of $25.96 to $43.70 and is now at $27.93, 8% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has risen 0.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Weingarten Rlty on December 7th, 2017 by issuing a Downtrend alert when the shares were trading at $32.04. Since that call, shares of Weingarten Rlty have fallen 14.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders weingarten rlty

Ticker(s): WRI