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Bullish Moving Average Cross by Duke Realty (DRE)

By Amy Schwartz

Today, shares of Duke Realty (NYSE:DRE) have advanced above their 10-day MA of $27.88 on a volume of 330K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Duke Realty has traded in a range of $17.60 to $28.99 and is now at $28.20, 60% above that low. The 200-day and 50-day moving averages have moved 0.28% higher and 0.71% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Duke Realty on April 3rd, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $26.40. Since that recommendation, shares of Duke Realty have risen 4.9%. We continue to monitor DRE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses duke realty

Ticker(s): DRE