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Equity Lifestyle Crosses Below its 10-day MA (ELS)

By James Quinn

Today, shares of Equity Lifestyle (NYSE:ELS) have crossed bearishly below their 10-day moving average of $52.67 on a volume of 201K 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.

Over the past year, Equity Lifestyle has traded in a range of $41.97 to $277.84 and is now at $52.55, 25% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 2.5% while the 50-day MA has declined 1.9%.

SmarTrend recommended that its subscribers protect gains by selling shares of Equity Lifestyle on October 15th, 2019 by issuing a Downtrend alert when the shares were trading at $135.69. Since that call, shares of Equity Lifestyle have fallen 61.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses equity lifestyle

Ticker(s): ELS