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General Growth Properties Crosses Above its 10-day MA (GGP)

By David Diaz

Today, shares of General Growth Properties (NYSE:GGP) have crossed bullishly above their 10-day moving average of $26.37 on a volume of 2.4 million 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.

In the past 52 weeks, General Growth Properties share prices have been bracketed by a low of $24.22 and a high of $31.70 and are now at $26.54, 10% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.2%.

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