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Bearish Moving Average Cross by Duke Realty Corp (DRE)

By David Diaz

Today, shares of Duke Realty Corp (NYSE:DRE) have crossed bearishly below their 10-day moving average of $30.99 on a volume of 280K 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 Duke Realty Corp have traded between a low of $24.67 and a high of $31.69 and are now at $30.67, which is 24% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

SmarTrend recommended that subscribers consider buying shares of Duke Realty Corp on January 10th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $26.90. Since that recommendation, shares of Duke Realty Corp have risen 15.6%. We continue to monitor DRE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses duke realty corp

Ticker(s): DRE