Duke Realty Corp (DRE): Price Now Near $42.78; Daily Chart Shows An Uptrend on 20 Day Basis

The Hourly View for DRE

At the time of this writing, DRE (Get Ratings)’s price is down $-0.04 (-0.09%) from the hour prior. DRE has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

DRE’s Technical Outlook on the Daily Chart

Currently, DRE’s price is down $-0.27 (-0.63%) from the day prior. This is a reversal of the price action on the previous day, in which price moved up. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 100 day timeframe. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. The chart below shows DRE’s price action over the past 90 days.

DRE

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