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

By Amy Schwartz

Today, shares of Simon Property (NYSE:SPG) have fallen below their 10-day MA of $175.24 on a volume of 137K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Simon Property share prices have been bracketed by a low of $152.50 and a high of $191.49 and are now at $174.56, 14% above that low price. Over the past week, 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