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Altisource Shares Down 17.8% Since SmarTrend's Sell Call (RESI)

By James Quinn

SmarTrend identified a Downtrend for Altisource (NYSE:RESI) on September 5th, 2018 at $11.64. In approximately 1 month, Altisource has returned 17.78% as of today's recent price of $9.57.

In the past 52 weeks, shares of Altisource have traded between a low of $9.28 and a high of $13.07 and are now at $9.57, which is 3% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.4%.

Altisource Residential Corporation provides real estate and mortgage portfolio management services. The Company engages in the acquisition and ownership of single-family rental assets.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Altisource.

Log in and add Altisource (RESI) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights altisource

Ticker(s): RESI