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Bearish Moving Average Cross by First Ind Realty (FR)

By Shiri Gupta

First Ind Realty (NYSE:FR) crossed under its 10-day moving average of $30.02 on a volume of 140K 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.

First Ind Realty share prices have moved between a 52-week high of $31.14 and a 52-week low of $24.85 and are now trading 20% above that low price at $29.84 per share. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.9%.

SmarTrend is tracking the current trend status for First Ind Realty and will alert subscribers who have FR in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses first ind realty

Ticker(s): FR