Long Position on PLD @ $61.00 on 4/6/2018 (Momentum)

Prologis, Inc. (PLD) is the global leader in logistics real estate with a focus on high-barrier, high-growth markets.

As of December 31, 2017, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 684 million square feet (64 million square meters) in 19 countries.

Prologis leases modern distribution facilities to a diverse base of approximately 5,000 customers across two major categories: business-to-business and retail/online fulfillment.

Shares have formed a bullish "wedge" and higher share prices are expected for this stock. The formation is supported by the stock's 50-day moving average shown in brown.

Entry Point: $61.00

Stop Loss: $58.00

52-Weeks Trading range: $52.98 - $67.53

Target Price: $67.10

Updates

6/6/2018 10:32:27 AM

PLD closed at $66.05

Position closed on 6/6/2018 at price of $66.05 with a 8.28% gain in 61 days.

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