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Kimco Realty: The Winning Streak Continues (KIM)

By James Quinn

Kimco Realty (NYSE:KIM) traded at a new 52-week high today of $21.82. This new high was reached on below average trading volume as 162,000 shares traded hands, while the average 30-day volume is approximately 3.1 million shares.

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) is currently priced 24.2% above its average consensus analyst price target of $16.45. The stock should find initial support at its 50-day moving average (MA) of $20.10 and further support at its 200-day MA of $18.54.

Over the past year, Kimco Realty has traded in a range of $14.29 to $21.82 and is now at $21.70, 52% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.8%.

SmarTrend is tracking the current trend status for Kimco Realty and will alert subscribers who have KIM in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows kimco realty

Ticker(s): KIM