Long

$DRE Profit target 62

NYSE:DRE 24/52 MACD above 18-Day EMA on the daily, this confirms uptrend price $$$ , moving average convergence/divergance.

MACD ‘Buy’ Signal

The 18-Day EMA line functions as a buy/sell ‘trigger’. When the 24/52 Day MACD line crosses above the 18-Day EMA line it indicates positive momentum and higher prices for the stock. When the 24/52 Day MACD lines crosses below the 18-Day EMA it indicates negative momentum and lower prices for the stock. MACD is more of a leading indicator than a moving average cross over which tends to lag price movement.

Credit: Chuck Hughes
Chart PatternsTechnical IndicatorsTrend Analysis

Disclaimer