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Digital Realty Trust Bearish Moving Average Crossover Alert (DLR)

By David Diaz

Today, shares of Digital Realty Trust (NYSE:DLR) have crossed bearishly below their 10-day moving average of $114.48 on a volume of 151K 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.

Digital Realty Trust share prices have moved between a 52-week high of $116.08 and a 52-week low of $60.66 and are now trading 88% above that low price at $113.89 per share. The 200-day and 50-day moving averages have moved 0.62% higher and 0.86% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Digital Realty Trust on February 27th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $107.95. Since that recommendation, shares of Digital Realty Trust have risen 6.7%. We continue to monitor DLR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses digital realty trust

Ticker(s): DLR