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

By Nick Russo

Prologis Inc (NYSE:PLD) crossed under its 10-day moving average of $73.22 on a volume of 359K 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.

Prologis Inc share prices have moved between a 52-week high of $74.59 and a 52-week low of $55.21 and are now trading 32% above that low price at $73.08 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has risen 0.2%.

SmarTrend is tracking the current trend status for Prologis Inc and will alert subscribers who have PLD in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses prologis inc

Ticker(s): PLD