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After Yesterday's Decline of 5.58%, Lexington Realty Offers Investors Better Value

By Amy Schwartz

Lexington Realty (NYSE:LXP) traded in a range yesterday that spanned from a low of $9.35 to a high of $9.70. Yesterday, the shares fell 5.6%, which took the trading range below the 3-day low of $9.87 on volume of 4.7 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Lexington Realty share prices have moved between a 52-week high of $11.81 and a 52-week low of $7.86 and are now trading 21% above that low price at $9.48 per share. The 200-day and 50-day moving averages have moved 0.10% higher and 0.32% lower over the past week, respectively.

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

Keywords: rebounders lexington realty

Ticker(s): LXP