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ProLogis Bullish Moving Average Crossover Alert (PLD)

By David Diaz

Today, shares of ProLogis (NYSE:PLD) have crossed bullishly above their 10-day moving average of $53.88 on a volume of 276K shares. This may provide swing traders with 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 $54.87 and are now at $54.01, which is 53% above that low price. The 200-day and 50-day moving averages have moved 0.30% higher and 1.52% higher over the past week, respectively.

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 5.6%. 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