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Vornado Realty Trust Could Rally Nicely in the Months Ahead

Bruce Kamich

In this daily bar chart of VNO, below, we can see some positive signals on the chart despite the September/October decline. Prices are holding above the February-May lows and the daily On-Balance-Volume (OBV) line has also made a higher low and has rebounded strongly into November. In this weekly bar chart of VNO, below, we can see that prices are testing the declining 40-week moving average line.