This Foreboding Sign Looms Over Duke Realty's Chart

Author: Benzinga Insights | June 01, 2022 10:49am

If history is any guide, there may be trouble ahead for shares of Duke Realty (NYSE:DRE). A so-called "death cross" has formed on its chart and, not surprisingly, this could be bearish for the stock.

What To Know: Many traders use moving average crossover systems to make their decisions.

When a shorter-term average price crosses above a longer-term average price, it could mean the stock is trending higher. If the short-term average price crosses below the long-term average price, it means the trend is lower.

Why It's Important: The 50-day and the 200-day simple moving averages are commonly used.

The death cross occurs when the 50-day moves below the 200-day. This could mean the long-term trend is changing.

That just happened with Duke Realty, which is trading around $52.08 at publication time.

Remember: Seasoned investors don't blindly trade Death Crosses.

Instead, they use it as a signal to start looking for short positions based on other factors, like price levels and company fundamentals & events.

For seasoned investors, this is just a sign that it might be time to start considering possible short positions.

With that in mind, take a look at Duke Realty's past and upcoming earnings expectations:

Quarter	Q1 2022	Q4 2021	Q3 2021	Q2 2021
EPS Estimate		0.45	0.44	0.43
EPS Actual	0.44	0.44	0.46	0.44
Revenue Estimate	246.79M	230.08M	218.88M	260.77M
Revenue Actual	275.21M	256.70M	256.81M	253.97M

Also consider this overview of Duke Realty analyst ratings:

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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: DRE