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ProLogis Crosses Below its 10-day MA (PLD)

By James Quinn

Today, shares of ProLogis (NYSE:PLD) have fallen below their 10-day MA of $51.98 on a volume of 287K 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.

ProLogis share prices have moved between a 52-week high of $54.87 and a 52-week low of $35.25 and are now trading 46% above that low price at $51.54 per share. 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 is monitoring the recent change of momentum in ProLogis. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of ProLogis in search of a potential trend change.

Keywords: moving crosses ProLogis

Ticker(s): PLD