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Prologis Inc Bearish Moving Average Crossover Alert (PLD)

By James Quinn

Prologis Inc (NYSE:PLD) shares have crossed bearishly below their 10-day moving average of $81.35 on a volume of 320K 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.

In the past 52 weeks, Prologis Inc share prices have been bracketed by a low of $55.21 and a high of $83.99 and are now at $81.22, 47% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.5%.

SmarTrend recommended that subscribers consider buying shares of Prologis Inc on June 6th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $77.83. Since that recommendation, shares of Prologis Inc 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 inc

Ticker(s): PLD