General Growth Properties Crosses Above its 10-day MA (GGP)
General Growth Properties (NYSE:GGP) crossed over its 10-day moving average of $19.67 on a volume of 957K shares. Swing traders may find 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 $18.24 and a high of $23.33 and are now at $19.79, 8% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.5% while the 200-day MA has remained constant.
SmarTrend recommended that its subscribers protect gains by selling shares of General Growth Properties on May 23rd, 2013 by issuing a Downtrend alert when the shares were trading at $20.23. Since that call, shares of General Growth Properties have fallen 3.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: moving crosses General Growth Properties