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SmarTrend Watching for Potential Rebound in Shares of Kimco Realty After 1.95% Loss

By James Quinn

Kimco Realty (NYSE:KIM) traded in a range yesterday that spanned from a low of $20.02 to a high of $20.36. Yesterday, the shares fell 2.0%, which took the trading range below the 3-day low of $20.21 on volume of 1.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Kimco Realty has traded in a range of $17.02 to $32.24 and is now at $20.07, 18% above that low. The 200-day and 50-day moving averages have moved 0.34% higher and 0.56% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Kimco Realty on July 26th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $19.68. Since that recommendation, shares of Kimco Realty have risen 4.0%. We continue to monitor KIM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders kimco realty

Ticker(s): KIM