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SmarTrend Watching for Potential Rebound in Shares of Sl Green Realty After 4.73% Loss

By James Quinn

Sl Green Realty (NYSE:SLG) traded in a range yesterday that spanned from a low of $43.74 to a high of $45.90. Yesterday, the shares fell 4.7%, which took the trading range below the 3-day low of $45.37 on volume of 471,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Sl Green Realty has traded in a range of $37.50 to $96.39 and is now at $43.14, 15% above that low. The 200-day and 50-day moving averages have moved 0.67% lower and 3.75% lower over the past week, respectively.

SmarTrend is tracking the current trend status for Sl Green Realty and will alert subscribers who have SLG in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders sl green realty

Ticker(s): SLG