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Digital Realty Trust Crosses Below its 10-day MA (DLR)

By Shiri Gupta

Today, shares of Digital Realty Trust (NYSE:DLR) have fallen below their 10-day MA of $101.32 on a volume of 318K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Digital Realty Trust has traded in a range of $60.66 to $103.08 and is now at $101.08, 67% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.9%.

SmarTrend recommended that subscribers consider buying shares of Digital Realty Trust on May 5th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $91.51. Since that recommendation, shares of Digital Realty Trust have risen 11.1%. 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