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BRE Properties Crosses Below its 10-day MA (BRE)

By Nick Russo

Today, shares of BRE Properties (NYSE:BRE) have fallen below their 10-day MA of $62.11 on a volume of 115K 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, BRE Properties has traded in a range of $45.76 to $63.49 and is now at $61.96, 35% above that low. The 200-day and 50-day moving averages have moved 0.36% higher and 1.06% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of BRE Properties on December 4th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $57.19. Since that recommendation, shares of BRE Properties have risen 9.4%. We continue to monitor BRE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses bre properties

Ticker(s): BRE