Equity Residential Crosses Below its 10-day MA (EQR)
Equity Residential (NYSE:EQR) shares have crossed bearishly below their 10-day moving average of $60.99 on a volume of 398K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, Equity Residential share prices have been bracketed by a low of $59.85 and a high of $82.39 and are now at $60.57, 1% above that low price. Over the last five market days, 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