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After Yesterday's Decline of 1.93%, Brixmor Property Offers Investors Better Value

By Shiri Gupta

Brixmor Property (NYSE:BRX) traded in a range yesterday that spanned from a low of $19.75 to a high of $20.11. Yesterday, the shares fell 1.9%, which took the trading range below the 3-day low of $19.91 on volume of 1.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Brixmor Property have traded between a low of $14.11 and a high of $20.38 and are now at $19.86, which is 41% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.7%.

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

Keywords: rebounders brixmor property

Ticker(s): BRX