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Equity Residential Crosses Above its 10-day MA (EQR)

By David Diaz

Today, shares of Equity Residential (NYSE:EQR) have crossed bullishly above their 10-day moving average of $61.45 on a volume of 258K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Equity Residential share prices have moved between a 52-week high of $82.39 and a 52-week low of $60.25 and are now trading 2% above that low price at $61.67 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.4%.

SmarTrend recommended that its subscribers protect gains by selling shares of Equity Residential on August 3rd, 2016 by issuing a Downtrend alert when the shares were trading at $66.28. Since that call, shares of Equity Residential have fallen 7.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses equity residential

Ticker(s): EQR