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Watch for Alexandria Real to Potentially Rebound After Falling 1.70% Yesterday

By Shiri Gupta

Alexandria Real (NYSE:ARE) traded in a range yesterday that spanned from a low of $127.42 to a high of $132.43. Yesterday, the shares fell 1.7%, which took the trading range below the 3-day low of $127.57 on volume of 305,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is monitoring the recent change of momentum in Alexandria Real. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Alexandria Real in search of a potential trend change.

In the past 52 weeks, shares of Alexandria Real have traded between a low of $109.22 and a high of $175.74 and are now at $129.51, which is 19% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1% while the 200-day MA has remained constant.

Keywords: rebounders alexandria real

Ticker(s): ARE