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Bearish Moving Average Cross by Cubesmart (CUBE)

By Nick Russo

Today, shares of Cubesmart (NYSE:CUBE) have crossed bearishly below their 10-day moving average of $34.65 on a volume of 141K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Cubesmart have traded between a low of $27.19 and a high of $35.23 and are now at $34.50, which is 27% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.5%.

SmarTrend recommended that subscribers consider buying shares of Cubesmart on May 3rd, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $32.43. Since that recommendation, shares of Cubesmart have risen 7.2%. We continue to monitor CUBE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses cubesmart

Ticker(s): CUBE