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After Yesterday's Decline of 1.47%, Prologis Inc Offers Investors Better Value

By Nick Russo

Prologis Inc (NYSE:PLD) traded in a range yesterday that spanned from a low of $64.53 to a high of $65.66. Yesterday, the shares fell 1.5%, which took the trading range below the 3-day low of $65.14 on volume of 718,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Prologis Inc share prices have been bracketed by a low of $56.59 and a high of $67.53 and are now at $64.70, 14% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.

SmarTrend recommended that subscribers consider buying shares of Prologis Inc on March 9th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $62.85. Since that recommendation, shares of Prologis Inc have risen 4.2%. We continue to monitor PLD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders prologis inc

Ticker(s): PLD