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Watch for Realty Income to Potentially Rebound After Falling 2.21% Yesterday

By Amy Schwartz

Realty Income (NYSE:O) traded in a range yesterday that spanned from a low of $69.80 to a high of $71.11. Yesterday, the shares fell 2.2%, which took the trading range below the 3-day low of $70.72 on volume of 510,000 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 Realty Income have traded between a low of $48.80 and a high of $74.14 and are now at $69.80, which is 43% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has risen 0.4%.

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

Keywords: rebounders realty income

Ticker(s): O