Washington Real Estate Investment Trust Crosses Below its 10-day MA (WRE)
Today, shares of Washington Real Estate Investment Trust (NYSE:WRE) have fallen below their 10-day MA of $29.18 on a volume of 1.2 million 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.
Washington Real Estate Investment Trust share prices have moved between a 52-week high of $29.75 and a 52-week low of $23.78 and are now trading 21% above that low price at $28.77 per share. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 1.4%.
SmarTrend recommended that subscribers consider buying shares of Washington Real Estate Investment Trust on February 23rd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $26.09. Since that recommendation, shares of Washington Real Estate Investment Trust have risen 12.6%. We continue to monitor WRE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
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