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Bullish Moving Average Cross by Kimco Realty (KIM)

By Nick Russo

Kimco Realty (NYSE:KIM) shares have crossed bullishly above their 10-day moving average of $14.25 on a volume of 823K 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 $13.70 to $32.24 and is now at $14.41, 5% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.6%.

SmarTrend recommended that its subscribers protect gains by selling shares of Kimco Realty on October 20th, 2017 by issuing a Downtrend alert when the shares were trading at $18.90. Since that call, shares of Kimco Realty have fallen 25.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses kimco realty

Ticker(s): KIM