Bullish Moving Average Cross by Post Properties (PPS)
Post Properties (NYSE:PPS) crossed over its 10-day moving average of $66.08 on a volume of 522K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.
Over the past year, Post Properties has traded in a range of $52.08 to $69.39 and is now at $66.39, 27% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.6%.
SmarTrend recommended that subscribers consider buying shares of Post Properties on June 29th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $60.28. Since that recommendation, shares of Post Properties have risen 8.9%. We continue to monitor PPS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses post properties