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Watch for Weingarten Rlty to Potentially Rebound After Falling 1.66% Yesterday

By Shiri Gupta

Weingarten Rlty (NYSE:WRI) traded in a range yesterday that spanned from a low of $32.40 to a high of $32.97. Yesterday, the shares fell 1.7%, which took the trading range below the 3-day low of $32.78 on volume of 284,000 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 Weingarten Rlty on July 19th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $31.45. Since that recommendation, shares of Weingarten Rlty have risen 5.1%. We continue to monitor WRI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, Weingarten Rlty has traded in a range of $29.03 to $43.70 and is now at $32.54, 12% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has risen 0.2%.

Keywords: rebounders weingarten rlty

Ticker(s): WRI