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Bearish Moving Average Cross by Kite Realty Group Trust (KRG)

By David Diaz

Kite Realty Group Trust (NYSE:KRG) shares have crossed bearishly below their 10-day moving average of $20.93 on a volume of 106K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Kite Realty Group Trust share prices have moved between a 52-week high of $30.45 and a 52-week low of $19.91 and are now trading 5% above that low price at $20.82 per share. The 200-day and 50-day moving averages have moved 0.10% higher and 0.23% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Kite Realty Group Trust on September 12th, 2016 by issuing a Downtrend alert when the shares were trading at $28.16. Since that call, shares of Kite Realty Group Trust have fallen 24.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses kite realty group trust

Ticker(s): KRG