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Highwoods Prop Crosses Below its 10-day MA (HIW)

By Shiri Gupta

Today, shares of Highwoods Prop (NYSE:HIW) have fallen below their 10-day MA of $43.64 on a volume of 139K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Highwoods Prop has traded in a range of $41.83 to $56.23 and is now at $43.36, 4% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.7%.

SmarTrend recommended that its subscribers protect gains by selling shares of Highwoods Prop on October 27th, 2017 by issuing a Downtrend alert when the shares were trading at $51.20. Since that call, shares of Highwoods Prop have fallen 13.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses highwoods prop

Ticker(s): HIW