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SmarTrend Watching for Potential Rebound in Shares of Kimco Realty After 4.38% Loss

By David Diaz

Kimco Realty (NYSE:KIM) traded in a range yesterday that spanned from a low of $17.59 to a high of $18.68. Yesterday, the shares fell 4.4%, which took the trading range below the 3-day low of $18.10 on volume of 3.3 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Kimco Realty share prices have moved between a 52-week high of $19.29 and a 52-week low of $14.29 and are now trading 23% above that low price at $17.63 per share. The 200-day and 50-day moving averages have moved 0.16% higher and 0.37% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Kimco Realty on January 15th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $16.03. Since that recommendation, shares of Kimco Realty have risen 15.3%. 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