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ProLogis Bullish Moving Average Crossover Alert (PLD)

By James Quinn

ProLogis (NYSE:PLD) shares have crossed bullishly above their 10-day moving average of $54.50 on a volume of 377K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of ProLogis have traded between a low of $35.25 and a high of $55.93 and are now at $54.73, which is 55% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.5% while the 200-day MA has risen 0.3%.

SmarTrend recommended that subscribers consider buying shares of ProLogis on February 27th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $51.27. Since that recommendation, shares of ProLogis have risen 5.7%. 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