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Recent 52-Week Low Surpassed in Shares of Washington Prime (WPG)

By Amy Schwartz

Shares of Washington Prime (NYSE:WPG) traded at a new 52-week low today of $3.57. So far today approximately 1 million shares have been exchanged, as compared to an average 30-day volume of 2.8 million shares.

Washington Prime Group Inc operates as a real estate investment trust. The Company owns, acquires, and develops shopping centers. Washington Prime Group conducts its business in the United States.

Washington Prime share prices have moved between a 52-week high of $8.44 and the current low of $3.57 and are currently at $3.57 per share. The 200-day and 50-day moving averages have moved 0.99% lower and 1.92% lower over the past week, respectively.

Washington Prime (NYSE:WPG) has potential upside of 89.5% based on a current price of $3.57 and analysts' consensus price target of $6.77. Washington Prime shares should first meet resistance at the 50-day moving average (MA) of $4.47 and find additional resistance at the 200-day MA of $5.61.

SmarTrend recommended that its subscribers protect gains by selling shares of Washington Prime on March 4th, 2019 by issuing a Downtrend alert when the shares were trading at $5.15. Since that call, shares of Washington Prime have fallen 29.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows washington prime

Ticker(s): WPG