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Cubesmart Crosses Below its 10-day MA (CUBE)

By Amy Schwartz

Today, shares of Cubesmart (NYSE:CUBE) have crossed bearishly below their 10-day moving average of $30.26 on a volume of 135K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Cubesmart share prices have moved between a 52-week high of $33.18 and a 52-week low of $24.96 and are now trading 20% above that low price at $29.87 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.5%.

SmarTrend is tracking the current trend status for Cubesmart and will alert subscribers who have CUBE in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses cubesmart

Ticker(s): CUBE