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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.

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 --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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