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

By Nick Russo

Today, shares of Simon Property (NYSE:SPG) have advanced above their 10-day MA of $173.30 on a volume of 317K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Simon Property has traded in a range of $145.78 to $186.03 and is now at $173.83, 19% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

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