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TMCNet:  SL Green Realty Set to Possibly Pullback After Yesterday's Rally of 1.29%

[March 01, 2013]

SL Green Realty Set to Possibly Pullback After Yesterday's Rally of 1.29%

Mar 01, 2013 (SmarTrend(R) News Watch via COMTEX) -- SL Green Realty (NYSE:SLG) traded in a range yesterday that spanned from a low of $81.08 to a high of $82.67. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $82.07 on volume of 928,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
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In the past 52 weeks, shares of SL Green Realty have traded between a low of $70.34 and a high of $85.74 and are now at $82.46, which is 17% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of SL Green Realty on December 4th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $75.92. Since that recommendation, shares of SL Green Realty have risen 7.5%. We continue to monitor SLG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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