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Watch for Kimco Realty to Potentially Rebound After Falling 1.95% Yesterday

By Shiri Gupta

Kimco Realty (NYSE:KIM) traded in a range yesterday that spanned from a low of $20.02 to a high of $20.36. Yesterday, the shares fell 2.0%, which took the trading range below the 3-day low of $20.21 on volume of 1.5 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 Kimco Realty on July 26th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $19.68. Since that recommendation, shares of Kimco Realty have risen 4.0%. We continue to monitor KIM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Kimco Realty have traded between a low of $17.02 and a high of $32.24 and are now at $20.07, which is 18% above that low price. The 200-day and 50-day moving averages have moved 0.34% higher and 0.56% higher over the past week, respectively.

Keywords: rebounders kimco realty

Ticker(s): KIM