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Tanger Factory Outlet Centers Bearish Moving Average Crossover Alert (SKT)

By David Diaz

Today, shares of Tanger Factory Outlet Centers (NYSE:SKT) have fallen below their 10-day MA of $31.93 on a volume of 221K 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.

Tanger Factory Outlet Centers share prices have moved between a 52-week high of $42.20 and a 52-week low of $29.45 and are now trading 8% above that low price at $31.76 per share. The 200-day and 50-day moving averages have moved 0.18% higher and 0.89% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Tanger Factory Outlet Centers on January 26th, 2017 by issuing a Downtrend alert when the shares were trading at $34.39. Since that call, shares of Tanger Factory Outlet Centers have fallen 5.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses tanger factory outlet centers

Ticker(s): SKT