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Simon Property Bearish Moving Average Crossover Alert (SPG)

By James Quinn

Simon Property (NYSE:SPG) shares have crossed bearishly below their 10-day moving average of $176.57 on a volume of 530K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Simon Property share prices have moved between a 52-week high of $191.49 and a 52-week low of $145.78 and are now trading 21% above that low price at $176.25 per share. The 200-day and 50-day moving averages have moved 0.22% higher and 0.47% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Simon Property. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Simon Property in search of a potential trend change.

Keywords: moving crosses simon property

Ticker(s): SPG