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Watch for Equity Residenti to Potentially Pullback After Gaining 1.05% Yesterday

By Amy Schwartz

Equity Residenti (NYSE:EQR) traded in a range yesterday that spanned from a low of $65.27 to a high of $66.15. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $65.67 on volume of 475,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is tracking the current trend status for Equity Residenti and will alert subscribers who have EQR in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, Equity Residenti share prices have been bracketed by a low of $58.28 and a high of $71.53 and are now at $66.09, 13% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.4%.

Keywords: rebounders equity residenti

Ticker(s): EQR