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Cubesmart Crosses Below its 10-day MA (CUBE)

By David Diaz

Cubesmart (NYSE:CUBE) shares have crossed bearishly below their 10-day moving average of $34.01 on a volume of 106K 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 $34.53 and a 52-week low of $27.19 and are now trading 25% above that low price at $33.88 per share. The 200-day and 50-day moving averages have moved 0.18% higher and 0.37% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Cubesmart on May 3rd, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $32.43. Since that recommendation, shares of Cubesmart have risen 5.5%. We continue to monitor CUBE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses cubesmart

Ticker(s): CUBE