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Bearish Moving Average Cross by Retail Propertie (RPAI)

By Shiri Gupta

Today, shares of Retail Propertie (NYSE:RPAI) have fallen below their 10-day MA of $12.74 on a volume of 1.3 million 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.

Over the past year, Retail Propertie has traded in a range of $10.84 to $13.78 and is now at $12.58, 16% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Retail Propertie on June 5th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $12.31. Since that recommendation, shares of Retail Propertie have risen 5.0%. We continue to monitor RPAI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses retail propertie

Ticker(s): RPAI