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

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SmarTrend Watching for Potential Rebound in Shares of City Office Reit After 1.09% Loss

Comtex SmarTrend(R) - Wed Oct 9, 12:45PM CDT

City Office Reit (NYSE:CIO) traded in a range yesterday that spanned from a low of $13.51 to a high of $13.74. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $13.77 on volume of 252,000 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.

Over the past year, City Office Reit has traded in a range of $9.73 to $14.49 and is now at $13.55, 39% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has risen 0.4%.

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