Highwoods Properties Crosses Below its 10-day MA (HIW)
Highwoods Properties (NYSE:HIW) crossed under its 10-day moving average of $49.16 on a volume of 584K 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, Highwoods Properties share prices have been bracketed by a low of $36.57 and a high of $49.88 and are now at $49.03, 34% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.7%.
SmarTrend recommended that subscribers consider buying shares of Highwoods Properties on May 27th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $47.87. Since that recommendation, shares of Highwoods Properties have risen 3.5%. We continue to monitor HIW for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses highwoods properties