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Tanger Factory Bearish Moving Average Crossover Alert (SKT)

By Shiri Gupta

Tanger Factory (NYSE:SKT) shares have crossed bearishly below their 10-day moving average of $23.87 on a volume of 117K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Tanger Factory has traded in a range of $19.86 to $26.73 and is now at $23.74, 20% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.

SmarTrend recommended that subscribers consider buying shares of Tanger Factory on June 8th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $22.36. Since that recommendation, shares of Tanger Factory have risen 7.3%. We continue to monitor SKT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses tanger factory

Ticker(s): SKT