• Return to Headlines

Watch for Digital Realty to Potentially Rebound After Falling 1.32% Yesterday

By James Quinn

Digital Realty (NYSE:DLR) traded in a range yesterday that spanned from a low of $107.44 to a high of $110.10. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $109.65 on volume of 529,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Digital Realty have traded between a low of $96.56 and a high of $125.10 and are now at $107.94, which is 12% above that low price. The 200-day and 50-day moving averages have moved 0.01% higher and 0.51% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Digital Realty on September 24th, 2018 by issuing a Downtrend alert when the shares were trading at $117.62. Since that call, shares of Digital Realty have fallen 6.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders digital realty

Ticker(s): DLR