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Look for Shares of Duke Realty Corp to Potentially Rebound after Yesterday's 3.48% Sell Off

By Shiri Gupta

Duke Realty Corp (NYSE:DRE) traded in a range yesterday that spanned from a low of $32.55 to a high of $34.11. Yesterday, the shares fell 3.5%, which took the trading range below the 3-day low of $33.10 on volume of 971,000 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 Duke Realty Corp and will alert subscribers who have DRE in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, Duke Realty Corp share prices have been bracketed by a low of $25.19 and a high of $38.88 and are now at $32.71, 30% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

Keywords: rebounders duke realty corp

Ticker(s): DRE