Simon Property Crosses Below its 10-day MA (SPG)
Simon Property (NYSE:SPG) shares have crossed bearishly below their 10-day moving average of $213.73 on a volume of 126K 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.
In the past 52 weeks, Simon Property share prices have been bracketed by a low of $170.99 and a high of $229.10 and are now at $213.37, 25% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% 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