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Recent 52-Week High Exceeded in Shares of Kimco Realty (KIM)

By James Quinn

Kimco Realty (NYSE:KIM) traded today at a new 52-week high of $18.00. Approximately 818,000 shares have changed hands today, as compared to an average 30-day volume of 4 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 share prices have moved between a 52-week high of $18.00 and a 52-week low of $13.16 and are now trading 37% above that low price at $18.00 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 1.3%.

Kimco Realty (NYSE:KIM) is currently priced 8.6% above its average consensus analyst price target of $16.45. The stock should find initial support at its 50-day moving average (MA) of $16.96 and further support at its 200-day MA of $16.45.

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 11.6%. 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