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Easterly Governm Set to Possibly Pullback After Yesterday's Rally of 7.13%

By David Diaz

Easterly Governm (NYSE:DEA) traded in a range yesterday that spanned from a low of $26.97 to a high of $28.58. Yesterday, the shares gained 7.1%, which took the trading range above the 3-day high of $27.94 on volume of 485,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is monitoring the recent change of momentum in Easterly Governm. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Easterly Governm in search of a potential trend change.

In the past 52 weeks, shares of Easterly Governm have traded between a low of $17.20 and a high of $28.10 and are now at $28.00, which is 63% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has risen 0.5%.

Keywords: rebounders easterly governm

Ticker(s): DEA