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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 $90.02 on a volume of 2.3 million shares. Swing traders may find 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 $92.49 and are now at $87.74, 59% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.2% while the 200-day MA has risen 1.0%.

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