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City Office REIT Inc (CIO-N) Quote - Press Release

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Look for Shares of City Office Reit to Potentially Rebound after Yesterday's 2.16% Sell Off

Comtex SmarTrend(R) - Thu Oct 3, 12:37PM CDT

City Office Reit (NYSE:CIO) traded in a range yesterday that spanned from a low of $13.95 to a high of $14.25. Yesterday, the shares fell 2.2%, which took the trading range below the 3-day low of $14.12 on volume of 1.9 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 City Office Reit and will alert subscribers who have CIO in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, City Office Reit share prices have been bracketed by a low of $9.73 and a high of $14.49 and are now at $14.07, 45% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 1.0%.

Write to SmarTrend at cs@mysmartrend.com

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