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SL Green Realty Bearish Moving Average Crossover Alert (SLG)

By Amy Schwartz

Today, shares of SL Green Realty (NYSE:SLG) have crossed bearishly below their 10-day moving average of $105.25 on a volume of 214K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, SL Green Realty has traded in a range of $80.12 to $124.96 and is now at $104.90, 31% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.4%.

SmarTrend recommended that its subscribers protect gains by selling shares of SL Green Realty on September 9th, 2016 by issuing a Downtrend alert when the shares were trading at $113.22. Since that call, shares of SL Green Realty have fallen 6.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses sl green realty

Ticker(s): SLG