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SmarTrend Watching for Potential Rebound in Shares of Vornado Rlty Tst After 5.83% Loss

By David Diaz

Vornado Rlty Tst (NYSE:VNO) traded in a range yesterday that spanned from a low of $40.14 to a high of $41.05. Yesterday, the shares fell 5.8%, which took the trading range below the 3-day low of $40.30 on volume of 1.1 million 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 Vornado Rlty Tst and will alert subscribers who have VNO in their portfolio or watchlist when shares have changed trend direction.

Vornado Rlty Tst share prices have moved between a 52-week high of $70.45 and a 52-week low of $27.64 and are now trading 44% above that low price at $39.79 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 4.8% while the 200-day MA has slid 0.9%.

Keywords: rebounders vornado rlty tst

Ticker(s): VNO