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Piedmont Offic-A Crosses Below its 10-day MA (PDM)

By Nick Russo

Piedmont Offic-A (NYSE:PDM) crossed under its 10-day moving average of $17.85 on a volume of 422K 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.

Over the past year, Piedmont Offic-Ahas traded in a range of $17.36 to $23.07 and are now at $17.39. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has risen 0.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Piedmont Offic-A on May 16th, 2017 by issuing a Downtrend alert when the shares were trading at $21.04. Since that call, shares of Piedmont Offic-A have fallen 14.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses piedmont offic-a

Ticker(s): PDM