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Bearish Moving Average Cross by Simon Property (SPG)

By Nick Russo

Simon Property (NYSE:SPG) shares have crossed bearishly below their 10-day moving average of $154.82 on a volume of 601K 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.

Over the past year, Simon Property has traded in a range of $150.80 to $191.49 and is now at $151.29, 0% above that low. The 200-day and 50-day moving averages have moved 0.16% lower and 0.29% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Simon Property on April 17th, 2019 by issuing a Downtrend alert when the shares were trading at $177.09. Since that call, shares of Simon Property have fallen 12.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses simon property

Ticker(s): SPG