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Tanger Factory Crosses Below its 10-day MA (SKT)

By Amy Schwartz

Tanger Factory (NYSE:SKT) shares have crossed bearishly below their 10-day moving average of $18.56 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.

In the past 52 weeks, Tanger Factory share prices have been bracketed by a low of $17.75 and a high of $24.91 and are now at $18.39, 4% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 0.9%.

SmarTrend is tracking the current trend status for Tanger Factory and will alert subscribers who have SKT in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses tanger factory

Ticker(s): SKT