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Shares of Kimco Realty Rise Above Previous 52-Week High

By Amy Schwartz

Shares of Kimco Realty (NYSE:KIM) traded at a new 52-week high today of $20.32. So far today approximately 1.4 million shares have been exchanged, as compared to an average 30-day volume of 3.8 million shares.

Kimco Realty (NYSE:KIM) defies analysts with a current price ($20.32) 19.0% above its average consensus price target of $16.45. The stock should discover initial support at its 50-day moving average (MA) of $18.60 and subsequent support at its 200-day MA of $17.60.

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.

Over the past year, Kimco Realty has traded in a range of $14.29 to $20.32 and is now at $20.32, 42% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has risen 0.4%.

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 26.0%. 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