CubeSmart Crosses Above its 10-day MA (CUBE)
CubeSmart (NYSE:CUBE) shares have crossed bullishly above their 10-day moving average of $28.39 on a volume of 418K 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, CubeSmart has traded in a range of $22.56 to $33.52 and is now at $28.61, 27% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has risen 0.4%.
SmarTrend recommended that its subscribers protect gains by selling shares of CubeSmart on July 26th, 2016 by issuing a Downtrend alert when the shares were trading at $30.15. Since that call, shares of CubeSmart have fallen 6.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: moving crosses cubesmart