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Watch for Vornado Rlty Tst to Potentially Rebound After Falling 2.16% Yesterday

By James Quinn

Vornado Rlty Tst (NYSE:VNO) traded in a range yesterday that spanned from a low of $66.44 to a high of $67.93. Yesterday, the shares fell 2.2%, which took the trading range below the 3-day low of $67.27 on volume of 365,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is tracking the current trend status for Vornado Rlty Tst and will alert subscribers who have VNO in their portfolio or watchlist when shares have changed trend direction.

Over the past year, Vornado Rlty Tst has traded in a range of $59.48 to $77.59 and is now at $66.54, 12% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

Keywords: rebounders vornado rlty tst

Ticker(s): VNO