Prologis - Analysis - 11-05-2022

Prologis' stock (PLD) declined 5.26% in the last session amid the dominance of the downward correctional wave, with negative pressure from the 50-day SMA, with trading volumes surpassing 11.3 million shares. 

The company is seeking to acquire Duke Realty in a deal valued at $23.71 billion, leading to 4% gains in Duke shares.

Therefore we expect more losses for the stock, targeting the support of 109.09.

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Expected trend for today: Bearish