• Return to Headlines

After Yesterday's Rally of 1.97% Shares Could Potentially Pullback

By James Quinn

Realty Income (NYSE:O) traded in a range yesterday that spanned from a low of $80.38 to a high of $84.92. Yesterday, the shares gained 2.0%, which took the trading range above the 3-day high of $80.55 on volume of 1.4 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Realty Income have traded between a low of $66.21 and a high of $84.92 and are now at $81.54, which is 23% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

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

Keywords: rebounders realty income

Ticker(s): O