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Watch for Digital Realty to Potentially Rebound After Falling 1.25% Yesterday

By James Quinn

Digital Realty (NYSE:DLR) traded in a range yesterday that spanned from a low of $124.95 to a high of $126.29. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $126.24 on volume of 410,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Digital Realty share prices have been bracketed by a low of $100.05 and a high of $129.54 and are now at $125.40, 25% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.4%.

SmarTrend recommended that subscribers consider buying shares of Digital Realty on August 12th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $119.68. Since that recommendation, shares of Digital Realty have risen 5.7%. We continue to monitor DLR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders digital realty

Ticker(s): DLR