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SmarTrend Watching for Potential Rebound in Shares of Qts Realty Tru-A After 2.35% Loss

By Nick Russo

Qts Realty Tru-A (NYSE:QTS) traded in a range yesterday that spanned from a low of $61.73 to a high of $63.81. Yesterday, the shares fell 2.4%, which took the trading range below the 3-day low of $63.79 on volume of 499,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Qts Realty Tru-A has traded in a range of $42.64 to $68.80 and is now at $62.45, 46% above that low. The 200-day and 50-day moving averages have moved 0.55% higher and 0.65% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Qts Realty Tru-A and will alert subscribers who have QTS in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders qts realty tru-a

Ticker(s): QTS