• Return to Headlines

Look for Shares of Prologis Inc to Potentially Rebound after Yesterday's 2.60% Sell Off

By James Quinn

Prologis Inc (NYSE:PLD) traded in a range yesterday that spanned from a low of $86.14 to a high of $89.09. Yesterday, the shares fell 2.6%, which took the trading range below the 3-day low of $87.34 on volume of 691,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

Prologis Inc share prices have moved between a 52-week high of $99.79 and a 52-week low of $59.82 and are now trading 45% above that low price at $86.57 per share. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

Keywords: rebounders prologis inc

Ticker(s): PLD