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Simon Property Crosses Above its 10-day MA (SPG)

By David Diaz

Simon Property (NYSE:SPG) shares have crossed bullishly above their 10-day moving average of $182.18 on a volume of 115K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Simon Property share prices have moved between a 52-week high of $184.94 and a 52-week low of $145.78 and are now trading 25% above that low price at $182.82 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.4%.

SmarTrend recommended that subscribers consider buying shares of Simon Property on April 30th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $155.48. Since that recommendation, shares of Simon Property have risen 16.9%. We continue to monitor SPG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses simon property

Ticker(s): SPG