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Bearish Moving Average Cross by Sl Green Realty (SLG)

By Nick Russo

Today, shares of Sl Green Realty (NYSE:SLG) have crossed bearishly below their 10-day moving average of $98.73 on a volume of 178K 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.

In the past 52 weeks, shares of Sl Green Realty have traded between a low of $89.46 and a high of $120.63 and are now at $98.53, which is 10% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.4%.

SmarTrend recommended that subscribers consider buying shares of Sl Green Realty on February 16th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $96.00. Since that recommendation, shares of Sl Green Realty have risen 3.9%. We continue to monitor SLG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses sl green realty

Ticker(s): SLG