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SmarTrend Watching for Potential Rebound in Shares of Retail Propertie After 2.40% Loss

By Nick Russo

Retail Propertie (NYSE:RPAI) traded in a range yesterday that spanned from a low of $12.56 to a high of $12.88. Yesterday, the shares fell 2.4%, which took the trading range below the 3-day low of $12.71 on volume of 1.8 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Retail Propertie on June 5th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $12.31. Since that recommendation, shares of Retail Propertie have risen 5.0%. We continue to monitor RPAI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Retail Propertie have traded between a low of $10.84 and a high of $13.78 and are now at $12.63, which is 17% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

Keywords: rebounders retail propertie

Ticker(s): RPAI