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Kimco Realty Looks to Continue to Trade Above its Annual-High Share Price Today

By Nick Russo

Shares of Kimco Realty (NYSE:KIM) traded today at $18.75, breaking its 52-week high. So far today approximately 575,000 shares have been exchanged, as compared to an average 30-day volume of 3.9 million shares.

In the past 52 weeks, shares of Kimco Realty have traded between a low of $14.29 and a high of $18.75 and are now at $18.74, which is 31% above that low price. The 200-day and 50-day moving averages have moved 0.16% higher and 0% lower over the past week, respectively.

Kimco Realty Corporation is a real estate investment trust (REIT). The Company owns and operates open-air shopping centers with multiple locations in the United States and Puerto Rico. Kimco Realty owns properties which are usually anchored by a supermarket and big box store that sells day-to-day necessities.

Kimco Realty (NYSE:KIM) defies analysts with a current price ($18.74) 12.2% above its average consensus price target of $16.45. The stock should find initial support at its 50-day moving average (MA) of $17.95 and further support at its 200-day MA of $16.89.

SmarTrend recommended that subscribers consider buying shares of Kimco Realty on January 15th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $16.03. Since that recommendation, shares of Kimco Realty have risen 16.9%. We continue to monitor KIM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows kimco realty

Ticker(s): KIM