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Washington Prime: New 52-Week Low Set Today (WPG)

By James Quinn

Washington Prime (NYSE:WPG) traded today at a new 52-week low of $3.20. Approximately 923,000 shares have changed hands today, as compared to an average 30-day volume of 2.7 million shares.

In the past 52 weeks, shares of Washington Prime have traded between the current low of $3.20 and a high of $8.12 and are now at $3.20. Over the past week, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has declined 1%.

Washington Prime has overhead space with shares priced $3.20, or 52.7% below the average consensus analyst price target of $6.77. The stock should run into initial resistance at its 50-day moving average (MA) of $3.75 and subsequent resistance at its 200-day MA of $5.01.

Washington Prime Group Inc operates as a real estate investment trust. The Company owns, acquires, and develops shopping centers. Washington Prime Group conducts its business in the United States.

SmarTrend recommended that its subscribers protect gains by selling shares of Washington Prime on March 4th, 2019 by issuing a Downtrend alert when the shares were trading at $5.15. Since that call, shares of Washington Prime have fallen 36.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows washington prime

Ticker(s): WPG