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Bearish Moving Average Cross by Government Propertiesome Trust (GOV)

By Nick Russo

Today, shares of Government Propertiesome Trust (NYSE:GOV) have fallen below their 10-day MA of $23.72 on a volume of 556K 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.

Government Propertiesome Trust share prices have moved between a 52-week high of $24.60 and a 52-week low of $12.33 and are now trading 89% above that low price at $23.34 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 2.8%.

SmarTrend recommended that subscribers consider buying shares of Government Propertiesome Trust on February 26th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $14.73. Since that recommendation, shares of Government Propertiesome Trust have risen 64.3%. We continue to monitor GOV for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses government propertiesome trust

Ticker(s): GOV