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Watch for Brandywine Rlty to Potentially Rebound After Falling 1.47% Yesterday

By Nick Russo

Brandywine Rlty (NYSE:BDN) traded in a range yesterday that spanned from a low of $15.98 to a high of $16.26. Yesterday, the shares fell 1.5%, which took the trading range below the 3-day low of $16.07 on volume of 940,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that its subscribers protect gains by selling shares of Brandywine Rlty on February 5th, 2018 by issuing a Downtrend alert when the shares were trading at $17.13. Since that call, shares of Brandywine Rlty have fallen 5.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Over the past year, Brandywine Rlty has traded in a range of $14.04 to $18.69 and is now at $16.07, 14% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 1.7%.

Keywords: rebounders brandywine rlty

Ticker(s): BDN