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Kimco Realty (KIM) Crosses Pivot Point Resistance at $18.31

By Amy Schwartz

Shares of Kimco Realty (NYSE:KIM) have bullishly opened above the pivot of $18.15 today and have reached the first resistance level of $18.31. Analysts will be watching for a cross of the next upside pivot targets of $18.41 and $18.67.

In the past 52 weeks, shares of Kimco Realty have traded between a low of $14.29 and a high of $19.29 and are now at $18.38, which is 29% 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 0.3%.

Kimco Realty (NYSE:KIM) defies analysts with a current price ($18.38) 10.5% above its average consensus price target of $16.45. Kimco Realty shares have support at the 50-day moving average (MA) of $18.13 and additional support at the 200-day MA of $16.98.

SmarTrend recommended that subscribers consider buying shares of Kimco Realty on January 15th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $16.03. Since that recommendation, shares of Kimco Realty have risen 13.7%. We continue to monitor KIM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: pivot alerts kimco realty

Ticker(s): KIM