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Look for Shares of Alexandria Real to Potentially Rebound after Yesterday's 2.18% Sell Off

By James Quinn

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.

Alexandria Real share prices have moved between a 52-week high of $175.74 and a 52-week low of $109.22 and are now trading 36% above that low price at $148.49 per share. The 200-day and 50-day moving averages have moved 0.09% higher and 0.19% lower over the past week, respectively.

Keywords: rebounders alexandria real

Ticker(s): ARE