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Watch for Rexford Industri to Potentially Pullback After Gaining 1.40% Yesterday

By Nick Russo

Rexford Industri (NYSE:REXR) traded in a range yesterday that spanned from a low of $46.42 to a high of $47.11. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $47.09 on volume of 88,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Rexford Industri has traded in a range of $28.17 to $48.80 and is now at $47.09, 67% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has risen 0.5%.

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

Keywords: rebounders rexford industri

Ticker(s): REXR