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Watch for Realty Income to Potentially Rebound After Falling 1.43% Yesterday

By Amy Schwartz

Realty Income (NYSE:O) traded in a range yesterday that spanned from a low of $56.96 to a high of $57.90. Yesterday, the shares fell 1.4%, which took the trading range below the 3-day low of $57.89 on volume of 911,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Realty Income has traded in a range of $47.25 to $60.05 and is now at $57.32, 21% above that low. The 200-day and 50-day moving averages have moved 0.07% higher and 0.60% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Realty Income on May 4th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $51.83. Since that recommendation, shares of Realty Income have risen 12.2%. We continue to monitor O for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders realty income

Ticker(s): O