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Essex Property Trust Bearish Moving Average Crossover Alert (ESS)

By David Diaz

Today, shares of Essex Property Trust (NYSE:ESS) have crossed bearishly below their 10-day moving average of $206.85 on a volume of 212K 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 Essex Property Trust have traded between a low of $191.25 and a high of $244.71 and are now at $204.59, which is 7% above that low price. The 200-day and 50-day moving averages have moved 0.01% higher and 0.61% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Essex Property Trust on October 3rd, 2016 by issuing a Downtrend alert when the shares were trading at $220.15. Since that call, shares of Essex Property Trust have fallen 5.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses essex property trust

Ticker(s): ESS