• Return to Headlines

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

By James Quinn

Simon Property (NYSE:SPG) crossed under its 10-day moving average of $156.83 on a volume of 161K 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.

Over the past year, Simon Property has traded in a range of $150.15 to $229.10 and is now at $155.50, 4% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has risen 0.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Simon Property on January 10th, 2018 by issuing a Downtrend alert when the shares were trading at $163.95. Since that call, shares of Simon Property have fallen 4.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses simon property

Ticker(s): SPG