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Bullish Moving Average Cross by Coresite Realty Corp (COR)

By Amy Schwartz

Today, shares of Coresite Realty Corp (NYSE:COR) have advanced above their 10-day MA of $80.17 on a volume of 243K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Coresite Realty Corp share prices have moved between a 52-week high of $91.91 and a 52-week low of $44.51 and are now trading 85% above that low price at $82.27 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.5% while the 200-day MA has risen 1.0%.

SmarTrend recommended that its subscribers protect gains by selling shares of Coresite Realty Corp on July 14th, 2016 by issuing a Downtrend alert when the shares were trading at $84.86. Since that call, shares of Coresite Realty Corp have fallen 6.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses coresite realty corp

Ticker(s): COR