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ProLogis Bearish Moving Average Crossover Alert (PLD)

By James Quinn

Today, shares of ProLogis (NYSE:PLD) have fallen below their 10-day MA of $54.19 on a volume of 344K 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.

Over the past year, ProLogis has traded in a range of $35.25 to $54.87 and is now at $54.02, 53% 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 1.5%.

SmarTrend recommended that subscribers consider buying shares of ProLogis on July 14th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $50.74. Since that recommendation, shares of ProLogis have risen 7.2%. We continue to monitor PLD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses ProLogis

Ticker(s): PLD