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Bearish Moving Average Cross by Digital Realty Trust (DLR)

By James Quinn

Today, shares of Digital Realty Trust (NYSE:DLR) have crossed bearishly below their 10-day moving average of $100.23 on a volume of 230K shares. Swing traders may find 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 Digital Realty Trust have traded between a low of $60.66 and a high of $113.21 and are now at $99.19, which is 64% above that low price. The 200-day and 50-day moving averages have moved 0.62% higher and 0.86% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Digital Realty Trust on July 18th, 2016 by issuing a Downtrend alert when the shares were trading at $106.14. Since that call, shares of Digital Realty Trust have fallen 5.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses digital realty trust

Ticker(s): DLR