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General Growth Properties Bearish Moving Average Crossover Alert (GGP)

By Nick Russo

Today, shares of General Growth Properties (NYSE:GGP) have fallen below their 10-day MA of $29.32 on a volume of 419K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of General Growth Properties have traded between a low of $24.22 and a high of $32.10 and are now at $29.14, which is 20% above that low price. Over the last five market days, 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 General Growth Properties and will alert subscribers who have GGP in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses General Growth Properties

Ticker(s): GGP