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Shares of Prologis Inc Has Risen Above Previous 52-Week High

By Amy Schwartz

Prologis Inc (NYSE:PLD) traded at a new 52-week high today of $79.15. This new high was reached on below average trading volume as 170,000 shares traded hands, while the average 30-day volume is approximately 2 million shares.

Based on a current price of $79.08, Prologis Inc is currently 11.2% above its average consensus analyst price target of $70.23. The stock should discover initial support at its 50-day moving average (MA) of $75.17 and subsequent support at its 200-day MA of $68.72.

In the past 52 weeks, shares of Prologis Inc have traded between a low of $55.21 and a high of $79.15 and are now at $79.08, which is 43% 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%.

Prologis, Inc. is an owner, operator, and developer of industrial real estate, focused on global and regional markets across the Americas, Europe, and Asia. The Company also leases modern distribution facilities to customers, including manufacturers, retailers, transportation companies, third-party logistics providers, and other enterprises.

SmarTrend is monitoring the recent change of momentum in Prologis Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Prologis Inc in search of a potential trend change.

Keywords: 52 week high/lows prologis inc

Ticker(s): PLD