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Look for Shares of Realty Income to Potentially Rebound after Yesterday's 2.98% Sell Off

By Nick Russo

Realty Income (NYSE:O) traded in a range yesterday that spanned from a low of $52.55 to a high of $54.73. Yesterday, the shares fell 3.0%, which took the trading range below the 3-day low of $52.77 on volume of 680,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Realty Income share prices have been bracketed by a low of $38.00 and a high of $84.92 and are now at $52.41, 38% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 2.2%.

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