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Bearish Moving Average Cross by Simon Property (SPG)

By Amy Schwartz

Simon Property (NYSE:SPG) shares have crossed bearishly below their 10-day moving average of $211.47 on a volume of 193K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Simon Property have traded between a low of $170.99 and a high of $229.10 and are now at $209.56, which is 23% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.7%.

SmarTrend is tracking the current trend status for Simon Property and will alert subscribers who have SPG in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses simon property

Ticker(s): SPG