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Bearish Moving Average Cross by SL Green Realty (SLG)

By David Diaz

SL Green Realty (NYSE:SLG) crossed under its 10-day moving average of $102.28 on a volume of 126K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, SL Green Realty share prices have been bracketed by a low of $80.12 and a high of $124.96 and are now at $101.80, 27% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.4%.

SmarTrend recommended that its subscribers protect gains by selling shares of SL Green Realty on March 13th, 2017 by issuing a Downtrend alert when the shares were trading at $106.76. Since that call, shares of SL Green Realty have fallen 3.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses sl green realty

Ticker(s): SLG