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Prologis Inc Crosses Above its 10-day MA (PLD)

By James Quinn

Prologis Inc (NYSE:PLD) crossed over its 10-day moving average of $80.73 on a volume of 250K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Prologis Inc have traded between a low of $55.21 and a high of $82.82 and are now at $81.26, which is 47% above that low price. The 200-day and 50-day moving averages have moved 0.32% higher and 0.66% higher over the past week, respectively.

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 3.6%. We continue to monitor PLD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses prologis inc

Ticker(s): PLD