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Simon Property Bullish Moving Average Crossover Alert (SPG)

By Nick Russo

Simon Property (NYSE:SPG) crossed over its 10-day moving average of $171.55 on a volume of 133K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Simon Property have traded between a low of $145.78 and a high of $173.63 and are now at $171.67, which is 18% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.7%.

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

Keywords: moving crosses simon property

Ticker(s): SPG