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Alexandria Real Falls 2.18% on Heavy Volume: Watch For Potential Rebound

By Shiri Gupta

Alexandria Real (NYSE:ARE) traded in a range yesterday that spanned from a low of $147.49 to a high of $152.40. Yesterday, the shares fell 2.2%, which took the trading range below the 3-day low of $149.49 on volume of 156,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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

In the past 52 weeks, shares of Alexandria Real have traded between a low of $109.22 and a high of $175.74 and are now at $148.49, which is 36% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.2%.

Keywords: rebounders alexandria real

Ticker(s): ARE