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

By James Quinn

Today, shares of Simon Property (NYSE:SPG) have crossed bearishly below their 10-day moving average of $162.77 on a volume of 173K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Simon Property share prices have moved between a 52-week high of $229.10 and a 52-week low of $150.15 and are now trading 8% above that low price at $162.43 per share. 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

Ticker(s): SPG