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Vereit Inc Set to Possibly Rebound After Yesterday's Selloff of 1.50%

By Amy Schwartz

Vereit Inc (NYSE:VER) traded in a range yesterday that spanned from a low of $7.50 to a high of $7.67. Yesterday, the shares fell 1.5%, which took the trading range below the 3-day low of $7.59 on volume of 2.8 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 Vereit Inc on June 21st, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $7.42. Since that recommendation, shares of Vereit Inc have risen 3.6%. We continue to monitor VER for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Vereit Inc share prices have moved between a 52-week high of $8.71 and a 52-week low of $6.52 and are now trading 16% above that low price at $7.55 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

Keywords: rebounders vereit inc

Ticker(s): VER