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

By Shiri Gupta

Kimco Realty (NYSE:KIM) traded today at a new 52-week high of $19.83. So far today approximately 1.3 million shares have been exchanged, as compared to an average 30-day volume of 3.7 million shares.

Kimco Realty (NYSE:KIM) defies analysts with a current price ($19.83) 17.0% above its average consensus price target of $16.45. Kimco Realty shares have support at the 50-day moving average (MA) of $18.60 and additional support at the 200-day MA of $17.60.

In the past 52 weeks, shares of Kimco Realty have traded between a low of $14.29 and a high of $19.83 and are now at $19.83, which is 39% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.2%.

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.

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 23.3%. 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