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Bearish Moving Average Cross by Prologis Inc (PLD)

By Shiri Gupta

Today, shares of Prologis Inc (NYSE:PLD) have fallen below their 10-day MA of $76.10 on a volume of 197K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Prologis Inc share prices have moved between a 52-week high of $78.56 and a 52-week low of $55.21 and are now trading 36% above that low price at $75.10 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.5%.

SmarTrend recommended that subscribers consider buying shares of Prologis Inc on January 9th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $60.85. Since that recommendation, shares of Prologis Inc have risen 25.3%. We continue to monitor PLD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses prologis inc

Ticker(s): PLD