Bullish Moving Average Cross by Kimco Realty (KIM)
Kimco Realty (NYSE:KIM) crossed over its 10-day moving average of $31.35 on a volume of 579K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
Over the past year, Kimco Realty has traded in a range of $22.07 to $31.80 and is now at $31.55, 43% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.6%.
SmarTrend recommended that subscribers consider buying shares of Kimco Realty on June 3rd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $29.00. Since that recommendation, shares of Kimco Realty have risen 7.3%. We continue to monitor KIM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses kimco realty