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Equity Residential Bearish Moving Average Crossover Alert (EQR)

By Shiri Gupta

Today, shares of Equity Residential (NYSE:EQR) have fallen below their 10-day MA of $67.65 on a volume of 134K 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.

In the past 52 weeks, shares of Equity Residential have traded between a low of $58.28 and a high of $82.39 and are now at $67.54, which is 16% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.4% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Equity Residential on March 17th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $63.62. Since that recommendation, shares of Equity Residential have risen 7.1%. We continue to monitor EQR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses equity residential

Ticker(s): EQR