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SmarTrend Watching for Potential Pullback in Shares of Realty Income After 1.02% Gain
Jan 07, 2013 (SmarTrend(R) News Watch via COMTEX) --
Realty Income (NYSE:O) traded in a range yesterday that spanned from a low of $40.92 to a high of $42.11. Yesterday, the shares gained 1.0%, which took the trading range above the 3-day high of $41.35 on volume of 2.7 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
Over the past year, Realty Income has traded in a range of $34.75 to $44.22 and is now at $41.76, 20% above that low. The 200-day and 50-day moving averages have moved 0.15% higher and 0.06% lower over the past week, respectively.
SmarTrend recommended that subscribers consider buying shares of Realty Income on November 23rd, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $39.43. Since that recommendation, shares of Realty Income have risen 4.8%. We continue to monitor O for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Write to Chip Brian at cbrian@mysmartrend.com
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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com
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