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Equity Residential Bearish Moving Average Crossover Alert (EQR)

By James Quinn

Today, shares of Equity Residential (NYSE:EQR) have crossed bearishly below their 10-day moving average of $70.07 on a volume of 266K 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, shares of Equity Residential have traded between a low of $61.90 and a high of $82.39 and are now at $69.75, which is 13% above that low price. The 200-day and 50-day moving averages have moved 0.13% lower and 0.41% lower over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Equity Residential. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Equity Residential in search of a potential trend change.

Keywords: moving crosses equity residential

Ticker(s): EQR