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SmarTrend Watching for Potential Pullback in Shares of Prologis Inc After 3.69% Gain

By Amy Schwartz

Prologis Inc (NYSE:PLD) traded in a range yesterday that spanned from a low of $63.35 to a high of $65.75. Yesterday, the shares gained 3.7%, which took the trading range above the 3-day high of $62.87 on volume of 1.5 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Prologis Inc have traded between a low of $45.93 and a high of $67.53 and are now at $64.94, which is 41% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.5% while the 200-day MA has risen 0.3%.

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: rebounders prologis inc

Ticker(s): PLD