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Shares of LXP Down 16.9% Since Downtrend Call on Shares

By David Diaz

SmarTrend identified a Downtrend for Lexington Realty (NYSE:LXP) on January 9th, 2018 at $9.48. In approximately 3 months, Lexington Realty has returned 16.94% as of today's recent price of $7.87.

In the past 52 weeks, shares of Lexington Realty have traded between a low of $7.68 and a high of $11.42 and are now at $7.87, which is 2% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.5% while the 200-day MA has remained constant.

Lexington Realty Trust is a real estate investment trust that owns and manages office, industrial, and retail properties net-leased to major corporations throughout the United States. The Company also provides investment advisory and asset management services to investors in the net lease area.

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

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

Keywords: spotlights lexington realty

Ticker(s): LXP