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Look for Shares of Prologis Inc to Potentially Pullback after Yesterday's 3.28% Rise

By Nick Russo

Prologis Inc (NYSE:PLD) traded in a range yesterday that spanned from a low of $90.01 to a high of $91.00. Yesterday, the shares gained 3.3%, which took the trading range above the 3-day high of $90.78 on volume of 875,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of Prologis Inc on March 26th, 2020 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $74.85. Since that recommendation, shares of Prologis Inc have risen 19.0%. We continue to monitor PLD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Prologis Inc have traded between a low of $59.82 and a high of $99.79 and are now at $91.51, which is 53% above that low price. The 200-day and 50-day moving averages have moved 0.16% higher and 0.78% lower over the past week, respectively.

Keywords: rebounders prologis inc

Ticker(s): PLD