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

By David Diaz

Today, shares of Tanger Factory (NYSE:SKT) have fallen below their 10-day MA of $23.60 on a volume of 153K 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, shares of Tanger Factory have traded between a low of $19.86 and a high of $27.88 and are now at $23.37, which is 18% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.0%.

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