BRE Properties Crosses Below its 10-day MA (BRE)
Today, shares of BRE Properties (NYSE:BRE) have crossed bearishly below their 10-day moving average of $49.22 on a volume of 106K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
BRE Properties share prices have moved between a 52-week high of $54.14 and a 52-week low of $45.76 and are now trading 7% above that low price at $48.96 per share. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.
SmarTrend is monitoring the recent change of momentum in BRE Properties. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of BRE Properties in search of a potential trend change.
Keywords: moving crosses bre properties