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Douglas Emmett Bearish Moving Average Crossover Alert (DEI)

By Nick Russo

Today, shares of Douglas Emmett (NYSE:DEI) have fallen below their 10-day MA of $33.58 on a volume of 125K 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.

In the past 52 weeks, Douglas Emmett share prices have been bracketed by a low of $24.73 and a high of $34.28 and are now at $33.47, 35% above that low price. The 200-day and 50-day moving averages have moved 0.27% higher and 1.76% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Douglas Emmett on March 2nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $27.90. Since that recommendation, shares of Douglas Emmett have risen 21.5%. We continue to monitor DEI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses douglas emmett

Ticker(s): DEI